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<SEC-DOCUMENT>0001047469-08-002205.txt : 20080304
<SEC-HEADER>0001047469-08-002205.hdr.sgml : 20080304
<ACCEPTANCE-DATETIME>20080304153919
ACCESSION NUMBER:		0001047469-08-002205
CONFORMED SUBMISSION TYPE:	40-F
PUBLIC DOCUMENT COUNT:		29
CONFORMED PERIOD OF REPORT:	20071231
FILED AS OF DATE:		20080304
DATE AS OF CHANGE:		20080304

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SUNCOR ENERGY INC
		CENTRAL INDEX KEY:			0000311337
		STANDARD INDUSTRIAL CLASSIFICATION:	PETROLEUM REFINING [2911]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12384
		FILM NUMBER:		08663540

	BUSINESS ADDRESS:	
		STREET 1:		112 4TH AVENUE SW PO BOX 38
		STREET 2:		CALGARY
		CITY:			ALBERTA CANADA
		STATE:			A0
		ZIP:			T2P 2V5
		BUSINESS PHONE:		4032698100

	MAIL ADDRESS:	
		STREET 1:		112 FOURTH AVE SW BOX 38
		STREET 2:		CALGARY
		CITY:			ALBERTA CANADA
		ZIP:			T2P 2V5

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUNCOR INC
		DATE OF NAME CHANGE:	19970430

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GREAT CANADIAN OIL SANDS & SUN OIL CO LTD
		DATE OF NAME CHANGE:	19791129
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-F
<SEQUENCE>1
<FILENAME>a2183122z40-f.htm
<DESCRIPTION>40-F
<TEXT>
<HTML>
<HEAD>
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<BR>
<FONT SIZE=3 ><A HREF="#08ZAS76701_1">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=5><B>SECURITIES AND EXCHANGE COMMISSION<BR>  </B></FONT><FONT SIZE=2><B>Washington,&nbsp;D.C. 20549  </B></FONT></P>

<BR>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=3><B>FORM 40-F  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=3><B> (Check One)  </B></FONT></P>

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<TR VALIGN="TOP">
<TD WIDTH="5%" style="font-family:times;"><FONT SIZE=2> <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD WIDTH="1%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="93%" style="font-family:times;"><FONT SIZE=2>Registration statement pursuant to Section&nbsp;12 of the Securities Exchange Act of&nbsp;1934</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="5%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="93%" ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>or</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="5%" style="font-family:times;"><FONT SIZE=2> <FONT FACE="WINGDINGS">&#253;</FONT></FONT></TD>
<TD WIDTH="1%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="93%" style="font-family:times;"><FONT SIZE=2>Annual report pursuant to Section&nbsp;13(a) or&nbsp;15(d) of the Securities Exchange Act of&nbsp;1934</FONT></TD>
</TR>
</TABLE></DIV>
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<TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="100%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
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<DIV ALIGN="CENTER"><TABLE WIDTH="75%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="32%" style="font-family:times;"><FONT SIZE=2>For fiscal year ended:<BR>
Commission File Number:</FONT></TD>
<TD WIDTH="1%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%" style="font-family:times;"><FONT SIZE=2>December&nbsp;31, 2007<BR>
No.&nbsp;1-12384</FONT></TD>
<TD WIDTH="1%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="bc76701_suncor_energy_inc._(exact_name__sun02759"> </A>
<A NAME="toc_bc76701_1"> </A>
<BR></FONT><FONT SIZE=2><B>SUNCOR ENERGY&nbsp;INC.<BR>  </B></FONT><FONT SIZE=2>(Exact name of registrant as specified in its charter)    <BR></FONT></P>

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<TD WIDTH="33%" ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B>Canada</B></FONT><FONT SIZE=2><BR>
(Province or other<BR>
jurisdiction of incorporation<BR>
or organization)</FONT></TD>
<TD WIDTH="33%" ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B>1311,1321,2911,</B></FONT><BR>
<FONT SIZE=2><B>4613,5171,5172</B></FONT><FONT SIZE=2><BR>
(Primary standard industrial<BR>
classification code number,<BR>
if applicable)</FONT></TD>
<TD WIDTH="33%" ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B>98-0343201</B></FONT><FONT SIZE=2><BR>
(I.R.S. employer<BR>
identification number, if<BR>
applicable)</FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="bc76701_112_-_4th_avenue_s.w._box_38_c__11201462"> </A>
<A NAME="toc_bc76701_2"> </A>
<BR></FONT><FONT SIZE=2><B>112&nbsp;-&nbsp;4<SUP>th</SUP>&nbsp;Avenue S.W.<BR>  Box&nbsp;38<BR>  Calgary, Alberta, Canada T2P&nbsp;2V5<BR>  (403)&nbsp;269-8100    <BR>    </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Address and telephone number of registrant's principal executive office) </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="bc76701_ct_corporation_system_111_eigh__ct_02113"> </A>
<A NAME="toc_bc76701_3"> </A>
<BR></FONT><FONT SIZE=2><B>CT Corporation System<BR>  111&nbsp;Eighth Avenue<BR>  New&nbsp;York, New&nbsp;York, U.S.A. 10011<BR>  (212)&nbsp;894-8940    <BR>    </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Name, address and telephone number of agent for service in the United&nbsp;States) </FONT></P>

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<TD WIDTH="100%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
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<P style="font-family:times;"><FONT SIZE=2><hr
noshade width=100% align=left size=1>
<hr noshade width=100% align=left size=4> </FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=643815,FOLIO='blank',FILE='DISK127:[08ZAS1.08ZAS76701]BC76701A.;4',USER='BKHAN',CD='28-FEB-2008;01:42' -->
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<P style="font-family:times;"><FONT SIZE=2>

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 </FONT> <FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities registered pursuant to Section&nbsp;12(b) of the Act: </FONT></P>

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<DIV ALIGN="CENTER"><TABLE WIDTH="75%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="49%" style="font-family:times;"><FONT SIZE=2>Title of each class:</FONT></TD>
<TD WIDTH="1%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:times;"><FONT SIZE=2>Name of each exchange on which<BR>
registered:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%" style="font-family:times;"><BR><FONT SIZE=2><B>Common shares</B></FONT></TD>
<TD WIDTH="1%" style="font-family:times;"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="49%" style="font-family:times;"><FONT SIZE=2><B><BR>
New&nbsp;York Stock Exchange</B></FONT></TD>
</TR>
</TABLE></DIV>
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<P style="font-family:times;"><FONT SIZE=2>Securities
registered or to be registered pursuant to Section&nbsp;12(g) of the Act: </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B>None</B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>Securities
for which there is a reporting obligation pursuant to Section&nbsp;15(d) of the&nbsp;Act: </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B>None</B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>For
annual reports, indicate by check mark the information filed with this form: </FONT></P>

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<TD WIDTH="4%" style="font-family:times;"><FONT SIZE=2> <FONT FACE="WINGDINGS">&#253;</FONT></FONT></TD>
<TD WIDTH="1%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%" style="font-family:times;"><FONT SIZE=2>Annual Information Form</FONT></TD>
<TD WIDTH="1%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:times;"><FONT SIZE=2><FONT FACE="WINGDINGS">&#253;</FONT></FONT></TD>
<TD WIDTH="1%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%" style="font-family:times;"><FONT SIZE=2>Annual Audited Financial Statements</FONT></TD>
</TR>
</TABLE></DIV>
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<P style="font-family:times;"><FONT SIZE=2>Indicate
the number of outstanding shares of each of the issuer's classes of capital or common stock as of the close of the period covered by the annual&nbsp;report: </FONT></P>

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<TD WIDTH="49%" style="font-family:times;"><FONT SIZE=2><B>Common Shares</B></FONT></TD>
<TD WIDTH="1%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:times;"><FONT SIZE=2><B>As of December&nbsp;31, 2007 there were 462,782,806&nbsp;Common Shares issued and outstanding</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%" style="font-family:times;"><BR><FONT SIZE=2><B>Preferred Shares, Series&nbsp;A</B></FONT></TD>
<TD WIDTH="1%" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:times;"><BR><FONT SIZE=2><B>None</B></FONT></TD>
</TR>
</TABLE></DIV>
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<P style="font-family:times;"><FONT SIZE=2>Indicate
by check mark whether the registrant by filing the information contained in this form is also thereby furnishing the information to the Commission pursuant to
Rule&nbsp;12g3-2(b) under the Securities Exchange Act of 1934 (the&nbsp;"Exchange Act"). If "Yes" is marked, indicate the file number assigned to the registrant in connection with
such&nbsp;rule. </FONT></P>

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<TD WIDTH="23%" ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>Yes</FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="23%" style="font-family:times;"><FONT SIZE=2><FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="23%" ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>No</FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="23%" style="font-family:times;"><FONT SIZE=2><FONT FACE="WINGDINGS">&#253;</FONT></FONT></TD>
</TR>
</TABLE></DIV>
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<P style="font-family:times;"><FONT SIZE=2>Indicate
by check mark whether the registrant: (1)&nbsp;has filed all reports required to be filed by Section&nbsp;13 or&nbsp;15(d) of the Exchange Act during the preceding 12&nbsp;months
(or&nbsp;for such shorter period that the registrant was required to file such reports); and (2)&nbsp;has been subject to such filing requirements in the past 90&nbsp;days. </FONT></P>

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<TD WIDTH="23%" ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>Yes</FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="23%" style="font-family:times;"><FONT SIZE=2><FONT FACE="WINGDINGS">&#253;</FONT></FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="23%" ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>No</FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="23%" style="font-family:times;"><FONT SIZE=2><FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
</TR>
</TABLE></DIV>
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<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=2,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=613524,FOLIO='blank',FILE='DISK127:[08ZAS1.08ZAS76701]BE76701A.;6',USER='RMCIVOR',CD='28-FEB-2008;08:21' -->
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SUNCOR ENERGY INC. ANNUAL
INFORMATION FORM</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">March&nbsp;3, 2008</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- ZEQ.=1,SEQ=3,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=212029,FOLIO='',FILE="DISK125:[08ZAS2.08ZAS76702]6667-2-BA_ZAS76702.CHC",USER="STOTHA",CD='Mar  2 05:23 2008' -->


<br clear="all" style="page-break-before:always;">


<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ANNUAL INFORMATION FORM</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">TABLE OF CONTENTS</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">TABLE OF CONTENTS</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ii</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">GLOSSARY OF TERMS</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">iii</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CONVERSION TABLE</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">vii</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CURRENCY</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">viii</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">FORWARD-LOOKING STATEMENTS</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">viii</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NON GAAP FINANCIAL MEASURES</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ix</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CORPORATE STRUCTURE</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">GENERAL DEVELOPMENT OF THE BUSINESS</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NARRATIVE DESCRIPTION OF THE BUSINESS</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NATURAL GAS (NG)</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">REFINING AND MARKETING (R&amp;M)</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">MATERIAL CONTRACTS</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RESERVES ESTIMATES</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">REQUIRED U.S. OIL
  AND GAS AND MINING DISCLOSURE</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">VOLUNTARY OIL SANDS
  RESERVES AND RESOURCES DISCLOSURE</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">29</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SUNCOR EMPLOYEES</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">31</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RISK FACTORS</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">32</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SELECTED CONSOLIDATED FINANCIAL
  INFORMATION</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">40</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">MANAGEMENT&#146;S DISCUSSION AND ANALYSIS</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">41</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">DESCRIPTION OF CAPITAL STRUCTURE</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">41</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">MARKET FOR OUR SECURITIES</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">42</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">DIRECTORS AND EXECUTIVE OFFICERS</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">43</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">INTEREST OF MANAGEMENT AND OTHERS IN
  MATERIAL TRANSACTIONS</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">47</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">TRANSFER AGENT AND REGISTRAR</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">47</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">INTERESTS OF EXPERTS</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">48</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">FEES PAID TO
  AUDITORS</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">48</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RELIANCE ON EXEMPTIVE RELIEF</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">LEGAL PROCEEDINGS</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">51</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ADDITIONAL
  INFORMATION</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">51</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ii</font></p>
  </td>
 </tr>
</table>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">GLOSSARY OF TERMS</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In this Annual Information Form&nbsp;(AIF),
references to &#147;we&#148;, &#147;our&#148;, &#147;us&#148;, &#147;Suncor&#148; or the &#147;company&#148; include Suncor
Energy Inc., its subsidiaries, partnerships and joint venture investments
unless the context otherwise requires.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Barrel of Oil Equivalent (BOE)</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suncor converts natural gas to
barrels of oil equivalent (BOE) at a 6 mcf:1 bbl ratio.&#160; BOEs may be misleading, particularly if used
in isolation.&#160; A BOE conversion ratio of
6:1 is based on an energy equivalency conversion method primarily applicable at
the burner tip and does not represent a value equivalency at the wellhead.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Best Estimate Resources</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Is considered to be the best
estimate of the quantity of resources that will actually be recovered. It is
equally likely that the actual remaining quantities recovered will be greater
or less than the best estimate. The best estimate of potentially recoverable
volumes is generally prepared independent of the risks associated with
achieving commercial production</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Bitumen/Heavy Crude Oil</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A naturally occurring viscous
tar-like mixture, mainly containing hydrocarbons heavier than pentane, which is
not recoverable at a commercial rate in its naturally occurring viscous state
through a well without using enhanced recovery methods.&#160; When extracted, bitumen/heavy crude oil may
be upgraded into crude oil and other petroleum products.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Capacity</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Maximum annual average output
that may be achieved from a facility in ideal operating conditions in
accordance with current design specifications.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Coal Bed Methane</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Natural gas produced from wells drilled into a
coal formation.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Contingent Resources</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Those quantities of petroleum
estimated, as of a given date, to be potentially recoverable from known
accumulations using established technology or technology under development, but
which are not currently considered to be commercially recoverable due to one or
more contingencies.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Conventional Crude Oil</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Crude oil produced through wells
by standard industry recovery methods.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Conventional Natural Gas</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Natural gas produced from all
geological strata, excluding coal bed methane.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Crude Oil</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Unrefined liquid hydrocarbons,
excluding natural gas liquids.</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">iii</font></p>

</div>
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<div>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Developed Reserves</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Developed reserves are those
proved reserves that are expected to be recovered from existing wells and
installed facilities or, if facilities have not been installed, that would
involve a low expenditure (e.g., when compared to the cost of drilling a well)
to put the reserves on production.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Development Costs</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Includes all costs associated
with moving reserves from other classes such as &#147;proved undeveloped&#148; and &#147;probable&#148;
to the &#147;proved developed&#148; class.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Downstream</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This business segment
manufactures, distributes and markets refined products from crude oil.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Dry Hole/Well</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">An exploration or development
well determined, on an economic basis, to be incapable of producing
hydrocarbons that will be plugged, abandoned and reclaimed.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Feedstock</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Purchases of components required in the production of
refined product other than crude oil.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Finding Costs</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Includes the cost of and
investment in undeveloped land, geological and geophysical activities,
exploratory drilling and direct administrative costs necessary to discover
crude oil and natural gas reserves.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Gross Production/Reserves</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suncor&#146;s working interest in
production/reserves, as the case may be, before deducting Crown royalties,
freehold and overriding royalty interests.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Gross Wells/Land Holdings</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Total number of wells or acres,
as the case may be, in which Suncor has an interest.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Heavy Fuel Oil</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Residue from refining of
conventional crude oil that remains after lighter products such as gasoline,
petrochemicals and heating oils have been extracted. This product traditionally
sells at less than the cost of crude oil.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">In-situ Oil</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In-situ or &#147;in place&#148; refers to
methods of extracting heavy crude oil from deep deposits of oil sands by
drilling with minimal disturbance of the ground cover.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Lifting Costs</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Includes all expenses related to
the operation and maintenance of producing or producible wells and related
facilities, natural gas plants and gathering systems.</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">iv</font></p>

</div>
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<div>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">MD&amp;A</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suncor&#146;s Management&#146;s Discussion and Analysis
dated February&nbsp;27, 2008, accompanying its audited consolidated financial
statements, notes thereto and auditor&#146;s report thereon, as at and for the three
years in the period ended December&nbsp;31, 2007, which is incorporated by
reference herein.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Natural Gas</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Hydrocarbons that at atmospheric
conditions of temperature and pressure are in a gaseous state.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Natural Gas Liquids</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Hydrocarbon products recovered
as liquids from raw natural gas by processing through extraction plants or
recovered from field separators, scrubbers or other gathering facilities.&#160; These liquids include the hydrocarbon
components ethane, propane, butane and pentane, or a combination thereof.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Net Production/Reserves</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suncor&#146;s undivided percentage
interest in total production or total reserves, as the case may be, after
deducting Crown royalties and freehold and overriding royalty interests.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Net Wells/Land Holdings</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suncor&#146;s undivided percentage
interest in the gross number of wells or gross number of acres, as the case may
be, after deducting interests of third parties.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Overburden</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Material overlying oil sands
that must be removed before mining.&#160;
Consists of muskeg, glacial deposits and sand.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Oil Sands</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Oil sands are a naturally occurring mixture of water,
sand, clay and bitumen, a very heavy crude oil.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Probable Reserves<sup>1</sup></font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Probable reserves are those additional reserves that
are less certain to be recovered than proved reserves.&#160; It is equally likely<sup>2</sup>&nbsp;that
the actual remaining quantities recovered will be greater or less than the sum
of the estimated proved plus probable reserves.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;page-break-after:avoid;"><hr size="1" width="25%" noshade color="black" align="left"></div>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.38%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;<sup>1</sup></font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.74%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in .7pt 0in .7pt;width:93.88%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">We are subject to Canadian disclosure rules&nbsp;in
  connection with the reporting of reserves. However, we have received
  exemptive relief from Canadian securities administrators permitting us to
  report our reserves in accordance with U.S. disclosure practices. Although
  U.S. companies do not disclose probable reserves for non-mining properties,
  we voluntarily disclose probable reserves for our Firebag in-situ leases as
  we believe this information is useful to investors. In addition, U.S.
  companies do not disclose resources but we believe this information is also
  useful to investors and accordingly disclose &#147;contingent resources&#148; in
  accordance with National Instrument 51-101. See &#147;RESERVES ESTIMATES&#148; on
  page&nbsp;18 for a description of how our voluntary reserves disclosure
  differs from our U.S. required disclosure.</font></p>
  </td>
 </tr>
 <tr>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.38%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.74%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in .7pt 0in .7pt;width:93.88%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;<sup>2</sup></font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.74%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in .7pt 0in .7pt;width:93.88%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">In estimating our
  proved and probable reserves, our independent reserves evaluators, GLJ
  Petroleum Consultants Ltd. (&#147;GLJ&#148;), have targeted the following levels of
  certainty: at least 90% probability that the quantities actually recovered
  will equal or exceed the estimated proved reserves; and at least a 50%
  probability that the quantities actually recovered will equal or exceed the
  sum of the estimated proved plus probable reserves. However, as our reserves
  have been prepared using deterministic, rather than probabilistic methods,
  consistent with industry practice, GLJ&#146;s estimates do not provide a
  mathematically derived quantitative measure of probability. In principle,
  there should be no difference between estimates prepared using probabilistic
  or deterministic methods.</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">v</font></p>

</div>
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<div>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Proved oil and gas reserves</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proved oil and gas reserves are the estimated
quantities of crude oil, natural gas, and natural gas liquids which geological
and engineering data demonstrate with reasonable certainty<sup>2</sup>&nbsp;to
be recoverable in future years from known reservoirs under assumed economic and
operating conditions.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Reservoirs are considered
proved if economic producibility is supported by either actual production or
conclusive formation test.&#160; The area of a
reservoir considered proved includes (A)&nbsp;that portion delineated by
drilling and defined by gas-oil and/or oil-water contacts, if any; and (B)&nbsp;the
immediately adjoining portions not yet drilled, but which may be reasonably
judged as economically productive on the basis of available geological and
engineering data.&#160; In the absence of
information on fluid contacts, the lowest known structural occurrence of
hydrocarbons controls the lower proved limit of the reservoir.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Reserves which may be
produced economically through application of improved recovery techniques (such
as fluid injection) are included in the &#147;proved&#148; classification when successful
testing by a pilot project, or the operation of an installed program in the
reservoir, provides support for the engineering analysis on which the project
or program was based.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Estimates of proved
reserves do not include the following:&#160; (A)&nbsp;oil
that may become available from known reservoirs but is classified separately as
&#147;indicated additional reserves&#148;;&#160; (B)&nbsp;crude
oil, natural gas, and natural gas liquids, the recovery of which is subject to
reasonable doubt because of uncertainty as to geology, reservoir
characteristics, or economic factors;&#160; (C)&nbsp;crude
oil, natural gas, and natural gas liquids, that may occur in undrilled
prospects; and (D)&nbsp;crude oil, natural gas, and natural gas liquids, that
may be recovered from oil shales, coal, gilsonite and other such sources.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For a
discussion of pricing assumptions see the tables under the headings &#147;Required
U.S. Oil and Gas and Mining Disclosure &#150; Proved Conventional Oil and Gas
Reserves&#148; and under &#147;Voluntary Oil Sands Reserves and Resources Disclosure -
Oil Sands Mining and In-Situ Firebag Reserves Reconciliation&#148;.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Proved Producing Reserves</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proved producing reserves are
those reserves that are expected to be recovered from completion intervals open
at the time of the estimate.&#160; These
reserves may be currently producing or, if shut in, they must have previously
been on production, and the anticipated date of resumption of production must
be known.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Remaining Recoverable Resources</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">The sum of reserves and contingent
resources.</font></b></p>

<p align="left" style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Reservoir</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Body of porous rock containing
an accumulation of water, crude oil or natural gas.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Sour Synthetic Crude Oil</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Crude oil produced from oil
sands that requires only partial upgrading and contains a higher sulphur
content than sweet synthetic crude oil.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Sweet Synthetic Crude Oil</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Crude oil produced from oil
sands consisting of a blend of hydrocarbons resulting from thermal cracking and
purification of bitumen.</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">vi</font></p>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Synthetic Crude Oil</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Upgraded or partially upgraded
crude oil recovered from oil sands including surface mineable oil sands leases
and in-situ oil sands/heavy oil leases.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Undeveloped Oil and Natural Gas
Lands</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Undeveloped lands are those on
which wells have not been drilled or completed to a point that would permit
production of commercial quantities of crude oil and natural gas regardless of
whether such acreage contains proved reserves.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Upstream</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">These business segments include
acquisition, exploration, development, production and marketing of crude oil,
natural gas and natural gas liquids; and for greater clarity include the
production of synthetic crude oil, bitumen and other oil products from oil
sands as well as production using conventional methods.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Utilization</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The average use of capacity taking
into consideration planned and unplanned outages and maintenance.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Wells</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Development Well</font></i></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A crude oil or natural gas well
drilled in, or adjacent to, a reservoir known to be productive and expected to
produce in the future.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Drilled Well</font></i></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A well that has been drilled and
has a defined status (e.g. gas well, shut-in well, producing oil well,
producing gas well, suspended well or dry and abandoned well).</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Exploratory Well</font></i></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A well drilled in a territory
without existing proved reserves, with the intention to discover commercial
reservoirs or deposits of crude oil and/or natural gas.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">CONVERSION TABLE</font></b></h1>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.46%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51%" valign="top" style="padding:0in .7pt 0in .7pt;width:51.14%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1 cubic metre m<sup>3</sup>&nbsp;=
  6.29 barrels</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:10.22%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0in .7pt 0in .7pt;width:35.18%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1 tonne = 0.984 tons (long)</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.46%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51%" valign="top" style="padding:0in .7pt 0in .7pt;width:51.14%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1 cubic metre m<sup>3</sup>&nbsp;(natural
  gas) = 35.49 cubic feet</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:10.22%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0in .7pt 0in .7pt;width:35.18%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1 tonne = 1.102 tons (short)</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.46%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51%" valign="top" style="padding:0in .7pt 0in .7pt;width:51.14%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1 cubic metre m<sup>3</sup>&nbsp;(overburden)
  = 1.31 cubic yards</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:10.22%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0in .7pt 0in .7pt;width:35.18%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1 kilometre = 0.62 miles</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.46%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51%" valign="top" style="padding:0in .7pt 0in .7pt;width:51.14%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:10.22%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0in .7pt 0in .7pt;width:35.18%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1 hectare = 2.5 acres</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Notes:</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Conversion using the
above factors on rounded numbers appearing in this Annual Information Form&nbsp;may
produce small differences from reported amounts.</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:avoid;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Some information in
this Annual Information Form&nbsp;is set forth in metric units and some in
imperial units</font>.</p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">vii</font></p>

</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">CURRENCY</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All references in this Annual
Information Form&nbsp;to dollar amounts are in Canadian dollars unless
otherwise indicated.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">FORWARD-LOOKING
STATEMENTS</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Annual Information Form&nbsp;contains certain
forward-looking statements that are based on our current expectations,
estimates, projections and assumptions that were made by the company in light
of its experience, and its perception of historical trends.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All statements that
address expectations or projections about the future, including statements
about our strategy for growth, expected future expenditures, commodity prices,
costs, schedules, production volumes, operating and financial results and
expected impact of future commitments, are forward-looking statements.&#160; Some of the forward-looking statements may be
identified by words like &#147;expects,&#148; &#147;anticipates,&#148; &#147;estimates,&#148; &#147;plans,&#148; &#147;scheduled,&#148;
&#147;intends,&#148; &#147;may,&#148; &#147;believes,&#148; &#147;projects,&#148; &#147;indicates,&#148; &#147;could,&#148; &#147;focus,&#148; &#147;vision,&#148;
&#147;goal,&#148; &#147;proposed,&#148; &#147;target,&#148; &#147;objective,&#148; &#147;continue&#148; and similar
expressions.&#160; These statements are not
guarantees of future performance and involve a number of risks and
uncertainties, some that are similar to other oil and gas companies and some
that are unique to our experience.&#160; Our
actual results may differ materially from those expressed or implied by our
forward-looking statements and you are cautioned not to place undue reliance on
them.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The risks, uncertainties and other factors, many of which are beyond
our control, that could influence actual results include but are not limited
to: changes in the general economic, market and business conditions; fluctuations
in supply and demand for our products; commodity prices, interest rates and
currency exchange rates; our ability to respond to changing markets, and to
receive timely regulatory approvals;&#160; the
successful and timely implementation of capital projects including growth
projects (for example, the Voyageur project, including our Firebag in-situ
development) and regulatory projects (for example, the emissions reduction
modifications at our Firebag in-situ development); the accuracy of cost
estimates, some of which are provided at the conceptual or other preliminary
stage of projects and prior to commencement of conception of the detailed
engineering needed to reduce the margin of error or level of accuracy; the
integrity and reliability of our capital assets; the cumulative impact of other
resource development; the cost of compliance with existing and future
environmental laws;&#160; the accuracy of
Suncor&#146;s reserve, resource and future production estimates and our success at
exploration and development drilling and related activities; the maintenance of
satisfactory relationships with unions, employee associations and joint venture
partners; competitive actions of other companies, including increased
competition from other oil and gas companies and from companies that provide
alternative sources of energy; labour and material shortages;&#160; uncertainties resulting from potential delays
or changes in plans with respect to projects or capital expenditures; actions
by governmental authorities including the imposition of taxes or changes to
fees and royalties; changes in environmental and other regulations (for
example, the Government of Alberta&#146;s current review of the unintended
consequences of the proposed Crown Royalty regime, and the Government of Canada&#146;s
current review of greenhouse gas emission regulations); the ability and
willingness of parties with whom we have material relationships to perform
their obligations to us; and the occurrence of unexpected events such as fires,
blowouts, freeze-ups, equipment failures and other similar events affecting us
or other parties whose operations or assets directly or indirectly affect
us.&#160; These important factors are not
exhaustive.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Many of these risk factors and other specific risks
and uncertainties are discussed in further detail throughout this Annual
Information Form&nbsp;and in our MD&amp;A, incorporated by reference
herein.&#160; Readers are also referred to the
risk factors described in other documents we file from time to time with
securities regulatory authorities.&#160;
Copies of these documents are available without charge from Suncor at
112 &#150; 4<sup>th</sup> Avenue S.W., Calgary, Alberta, T2P 2V5, by calling
1-800-558-9071, or by email request to info@suncor.com or by referring to SEDAR
at www.sedar.com or by referring to EDGAR at www.sec.gov.&#160; Information contained in or otherwise
accessible through our website does not form a part of this AIF, and is not
incorporated into the AIF by reference.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">viii</font></p>

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<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">References herein to our 2007 Consolidated Financial
Statements mean Suncor&#146;s audited consolidated financial statements prepared in
accordance with Canadian generally accepted accounting principles (&#147;GAAP&#148;), the
notes thereto and the auditor&#146;s report thereon, as at and for the three years
in the period ended December&nbsp;31, 2007.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">NON GAAP FINANCIAL
MEASURES</font></b></h1>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certain financial
measures referred to in this AIF that are not prescribed by GAAP, namely, cash
flow from operations, Oil Sands cash and total operating costs per barrel and
Return on Capital Employed (ROCE), are described and reconciled in the &#147;Non
GAAP Financial Measures&#148; section of our MD&amp;A, incorporated by reference
herein.</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ix</font></p>

</div>
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<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">CORPORATE
STRUCTURE</font></b></h1>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Name and Incorporation</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suncor Energy Inc. (formerly
Suncor Inc.) was originally formed by the amalgamation under the <i>Canada Business Corporations Act </i>on August&nbsp;22, 1979, of
Sun Oil Company Limited, incorporated in 1923 and Great Canadian Oil Sands
Limited, incorporated in 1953.&#160; On January&nbsp;1,
1989, we amalgamated with a wholly-owned subsidiary under the <i>Canada Business Corporations Act</i>.&#160; We amended our articles in 1995 to move our
registered office from Toronto, Ontario, to Calgary, Alberta, and again in April&nbsp;1997,
to adopt our current name, &#147;Suncor Energy Inc.&#148;.&#160; In April&nbsp;1997, May&nbsp;2000, and May&nbsp;2002,
we amended our articles to divide our issued and outstanding shares on a
two-for-one basis.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our registered and principal office is located at 112 -
4th Avenue, S.W. Calgary, Alberta, T2P 2V5.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Intercorporate Relationships</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We have four principal
subsidiaries and partnerships.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suncor Energy Oil Sands Limited Partnership is an
Alberta limited partnership that is indirectly wholly owned by Suncor Energy
Inc.&#160; Effective February&nbsp;1, 2005,
Suncor Energy Inc., as general partner, and one of its wholly-owned
subsidiaries, as a limited partner, formed the Suncor Energy Oil Sands Limited
Partnership.&#160; At this time the
partnership held certain net profits interests related to our oil sands
business and natural gas business.&#160; Effective
January&nbsp;1, 2006, Suncor Energy Inc. contributed, subject to certain
exceptions, its oil sands assets to the partnership.&#160; This internal reorganization had no effect on
operations or on our consolidated net earnings.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suncor Energy Products Inc. (formerly Sunoco Inc.) is an
Ontario corporation that is wholly-owned by Suncor Energy Inc.&#160; This company refines and markets petroleum
products and petrochemicals directly and indirectly through subsidiaries and
joint ventures.&#160; We operate a retail
business in Canada under the Sunoco brand through this subsidiary.&#160; We are unrelated to Sunoco,&nbsp;Inc.
(formerly known as Sun Company,&nbsp;Inc.), headquartered in Philadelphia,
Pennsylvania.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Suncor Energy Marketing Inc.,
wholly-owned by Suncor Energy Products Inc., is incorporated under the laws of
Alberta.&#160; This company markets, mainly to
customers in Canada and the United States, the crude oil, diesel fuel, bitumen
and byproducts such as petroleum coke, sulphur and gypsum, produced by our Oil
Sands business.&#160; Through this subsidiary
we also administer Suncor&#146;s energy trading activities, market certain third
party products, and procure crude oil feedstocks and natural gas for our
downstream business.</font>&#160; This
subsidiary markets certain natural gas volumes produced by, and purchased from,
our Natural Gas business unit.&#160; Suncor
Energy Marketing Inc. also has a
petrochemical marketing division that holds a 50% interest in Sun
Petrochemicals Company, a petrochemical products joint venture.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suncor Energy (U.S.A.)
Inc., indirectly wholly-owned by Suncor Energy Inc., is incorporated under the
laws of Delaware.&#160; Through this U.S.
subsidiary, headquartered in Denver, Colorado, we refine crude oil at our
refinery in Commerce City, Colorado, near Denver, into a broad range of
petroleum products, and market our refined products to industrial, wholesale
and commercial customers principally in Colorado and to retail customers in
Colorado through Phillips 66 &#174; - branded sites.&#160;
We also transport crude oil on our wholly owned pipelines in Wyoming and
Colorado.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We also have a number of other subsidiary
companies.&#160; However, the total assets of
such subsidiaries and partnerships combined, and their total sales and
operating revenues, do not constitute more than 20 per cent of the consolidated
assets, or consolidated sales and operating revenues, respectively, of Suncor.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>

</div>
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<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">GENERAL
DEVELOPMENT OF THE BUSINESS</font></b></h1>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Overview</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Suncor is </font>an integrated energy company, with corporate headquarters in
Calgary, Alberta, Canada.&#160; We are
strategically focused on developing one of the world&#146;s largest petroleum
resource basins &#150; Canada&#146;s Athabasca oil sands.&#160;
In addition, we explore for, acquire, develop, produce and market crude
oil and natural gas, transport and refine crude oil and market petroleum and
petrochemical products.&#160; Periodically, we
also market third party petroleum products.&#160;
We also carry on energy trading activities focused principally on buying
and selling futures contracts and other derivative instruments based on the
commodities we produce.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We have three principal
operating businesses:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our Oil Sands business,
based near Fort McMurray, Alberta, recovers bitumen, primarily through oil
sands mining and in-situ development, and upgrades it into refinery feedstock,
diesel fuel and by-products.&#160; Bitumen
feedstock is also occasionally supplemented by third party suppliers.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our Natural Gas business,
based in Calgary, Alberta, explores for, acquires, develops and produces
natural gas and natural gas liquids from reserves in Western Alberta and
Northeastern British Columbia. The sale of natural gas production provides a
natural price hedge for natural gas purchased for internal consumption.&#160; In addition, our indirectly wholly-owned U.S.
subsidiary, Suncor Energy (Natural Gas) America Inc., acquires land and
explores for coal bed methane in the United States.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our third business,
Refining and Marketing, refines crude oil at Suncor&#146;s refineries in Sarnia,
Ontario, and Commerce City, Colorado, into a broad range of petroleum,
petrochemical and biofuel products.&#160;
These products are then marketed to industrial, wholesale and commercial
customers principally in Ontario, Quebec and Colorado.&#160; In Ontario, our retail businesses are managed
through Sunoco-branded and joint venture operated retail networks, and in
Colorado our retail businesses are managed through Phillips 66 &#174; - branded
sites.&#160;&#160; We also transport crude oil on
our wholly owned pipelines in Wyoming and Colorado, and engage in third party
energy marketing and trading activities through this business.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">For
financial reporting purposes, we also report financial data for activities not
directly attributable to an operating business under the results of Suncor&#146;s &#147;Corporate&#148;
segment.&#160; This includes the activity of
our self-insurance entity, as well as investments in wind energy.</font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In 2007, we produced approximately 271,400 boe per day,
comprised of 238,700 barrels per day (bpd) of crude oil and natural gas liquids
and 196 million cubic feet per day (mmcf/d) of natural gas.&#160; In 2006, the most recent period with
published results, we were the second largest crude oil and natural gas liquids
producer in Canada (approximately 10%<sup>3</sup>&nbsp;of Canada&#146;s crude oil
production in 2006) and the 16th largest natural gas producer in Canada.<sup>4</sup></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In 2007, our Refining and Marketing business sold
approximately 210,700 bpd (2006 &#150; 185,600 bpd) or 33,500 m<sup>3</sup>&nbsp;per
day (2006 &#150; 29,500 m<sup>3</sup>&nbsp;per day) of refined products, mainly in
Ontario and Colorado, but also in other states throughout the United States and
in Europe.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&#160;<sup>3</sup>&nbsp;CAPP
Crude Oil Report &#150; Table 1 Canadian Crude Oil Production Forecast</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&#160;<sup>4</sup>&nbsp;Oilweek
&#150; July&nbsp;2007, Top 100 Oil and Gas Producers</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

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<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Three-Year History</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Oil Sands (OS)</font></i></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Over the past three years we have continued to advance
our multi-phased growth strategy to increase production capacity to 550,000 bpd
in 2012.&nbsp; Key milestones and significant events that have affected our Oil
Sands business during this time period include the following:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Oil Sands Fire &#150;
  A fire on January&nbsp;4, 2005 caused significant damage to one of our two
  upgraders, reducing upgraded crude oil production capacity from 225,000 bpd
  to about 122,000 bpd for the first nine months of 2005. Repair and
  maintenance work to restore the facility was completed in
  September&nbsp;2005. Our property loss and business interruption insurance
  policies substantially mitigated the financial impact of the fire, and were
  fully settled in 2006.</font></p>
  </td>
 </tr>
 <tr>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Vacuum Unit
  and Debottleneck &#150; During the fourth quarter of 2005, we increased our
  production capacity to 260,000 bpd through the completion of a new vacuum
  unit. In addition, we also completed a debottleneck of our Steepbank mine
  operation.</font></p>
  </td>
 </tr>
 <tr>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Firebag Stage 2
  &#150; Firebag Stage 2 commenced commercial operations in the first quarter of
  2006, furthering our plans to increase bitumen supply.</font></p>
  </td>
 </tr>
 <tr>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Royalties &#150; In
  November&nbsp;2006, we exercised our option, under our royalty agreement with
  the Government of Alberta (the &#147;Crown Agreement&#148;), to transition our base oil
  sands mining operations and associated upgrading from a royalty assessed on
  upgraded product values to a bitumen-based royalty starting on
  January&nbsp;1, 2009.</font></p>
  </td>
 </tr>
 <tr>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.8%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Voyageur South Mine Extension &#150; In July&nbsp;2007,
  Suncor filed a regulatory application for the Voyageur South mine extension.
  Bitumen produced at the proposed project is expected to provide additional
  feedstock flexibility.</font></p>
  </td>
 </tr>
 <tr>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.8%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.8%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Operating Permit &#150; We were issued a new 10-year
  operating approval in connection with our Oil Sands business in
  August&nbsp;2007.</font></p>
  </td>
 </tr>
 <tr>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.8%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.8%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Firebag Cogeneration &#150; A capital project expanding
  Firebag Stages 1 and 2 in conjunction with the addition of a cogeneration
  facility was completed in 2007.</font></p>
  </td>
 </tr>
 <tr>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.8%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.8%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Regulatory Requirements</font></p>
  </td>
 </tr>
</table>

<p align="left" style="margin:0in 0in .0001pt .25in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Courier" style="font-size:10.0pt;">o<font size="1" face="Times New Roman" style="font:7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font>In September&nbsp;2007, high
emissions at our in-situ operations resulted in orders being issued by both
Alberta Environment and the Alberta Energy and Utilities Board. Until
regulators can be assured emissions are stable at compliant levels, production
at the in-situ operation has been capped at approximately 42,000 bpd.</p>

<p align="left" style="margin:0in 0in .0001pt .75in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Courier" style="font-size:10.0pt;">o<font size="1" face="Times New Roman" style="font:7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font>In December&nbsp;2007, high
emissions at our base plant resulted in an order being issued by Alberta
Environment.&#160; Emissions at the oil sands
plant exceeded air quality standards, and accordingly we are upgrading our
emission control equipment and reducing discharges to the tailings ponds.&#160; In addition, we have introduced processing
changes and are undertaking a more comprehensive monitoring program.</p>

<p align="left" style="margin:0in 0in .0001pt .75in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.8%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Progress on Growth Projects &#150; At December&nbsp;31,
  2007, the addition of a new set of cokers to our upgrading complex was
  approximately 95% complete. This expansion is expected to increase production
  capacity to 350,000 bpd, with construction completion targeted in the second
  quarter of 2008 and ramp-up to full capacity expected in the fourth quarter.
  Other work included construction of a naphtha unit (which is intended enhance
  product mix) which was approximately 20% complete at year-end, and the
  Steepbank extraction plant which was approximately 25% complete at year-end.&nbsp; For further discussion of our significant
  capital projects, see page&nbsp;19 of our MD&amp;A.</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following changes to our Oil Sands business have
occurred, or are expected to occur in 2008:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:avoid;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Royalty
Amending Agreement &#150; In January&nbsp;2008, we entered into the Suncor Royalty
Amending Agreement with the government of Alberta, which modifies the rates
under the Generic Regime which would otherwise apply to our base mining
operations, assuming the government enacts their proposed framework.&#160; Under this agreement, prior to January&nbsp;1,
2010, we would expect to pay a royalty in respect of our base operations of 25%
of the difference between a project&#146;s annual gross revenues net of related
transportation costs, less allowable costs including allowable capital
expenditures (R-C), and from January&nbsp;1, 2010 through to January&nbsp;1,
2016, we would expect to pay royalties in accordance with the rates in the
Generic Regime, subject to a cap of 30% of R-C. (See page&nbsp;19 of our
MD&amp;A for more information.)</p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Voyageur Growth Plan &#150; In January&nbsp;2008,
Suncor&#146;s Board of Directors approved a $20.6 billion investment that is
expected to boost crude oil production capacity at the company&#146;s oil sands
operation by 200,000 bpd, bringing the total capacity to 550,000 bpd in 2012.
The expansion plans include constructing four additional stages of in-situ
bitumen production, a new upgrader (Suncor&#146;s third) to convert that bitumen
into higher-value crude oil, and various infrastructure and utilities.</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Petro-Canada Agreement &#150; Incremental
bitumen to feed the expanded Oil Sands operation is&#160; expected to be partially obtained starting in
2008 under a processing agreement between Suncor and Petro-Canada.&#160; Under the terms of the agreement, we will
process a minimum of 27,000 bpd of Petro-Canada bitumen on a fee-for-service
basis.&#160; Petro-Canada retains ownership of
the bitumen and resulting sour crude oil production of about 22,000 bpd.&#160; In addition, Suncor has agreed to sell an
additional 26,000 bpd of our proprietary sour crude oil production to
Petro-Canada.&#160; Both the processing and
sales components of the agreement are for a minimum 10-year term.</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Natural Gas (NG)</font></i></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Key
milestones and significant events that have affected our Natural Gas business
during the past three years include the following:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Divestment of non-core properties &#150; In
2005 we disposed of non-core properties for proceeds of $21 million.</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Simonette Gas Plant &#150; In December&nbsp;2005,
we, along with our partner, completed a plant capacity expansion and a new
pipeline to connect the Simonette plant with volumes produced from the Cabin
Creek and Solomon fields in the Alberta Foothills.&#160; We have a 37.5% ownership interest and
continue to operate the Simonette gas plant.</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>South Rosevear Gas Plant &#150; In January&nbsp;2006,
we disposed of 15% of the total interest in the South Rosevear gas plant for
proceeds of $12 million.&#160; We currently
retain a 60.4% interest and continue to operate the gas plant.</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Acquisition &#150; In March&nbsp;2007, we
acquired developed and undeveloped lands in British Columbia for approximately
$160 million.</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:0in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Refining and Marketing (R&amp;M)</font></i></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;text-indent:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Consistent with the company&#146;s organizational
restructuring during the first quarter of 2007, results from our Canadian and
U.S. downstream marketing and refining operations have been combined into a
single business segment &#150; Refining and Marketing.&#160; </font>Key milestones and significant events
that have affected our Refining and Marketing business during the past three
years include the following:</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>

</div>
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<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-autospace:none;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Valero
Acquisition &#150; On May&nbsp;31, 2005 we acquired a refinery from Valero Energy
Corporation (&#147;Valero&#148;) in the Denver area adjacent to our existing refinery.
The 30,000 bpd Valero refinery was purchased for $37 million (US$30 million)
plus working capital and associated oil and product inventory adjustments, for
a total acquisition cost of $62 million (US$50 million).&#160; The refinery was acquired by purchasing all
of the issued and outstanding stock of Valero&#146;s indirect wholly-owned
subsidiary, Colorado Refining Company (&#147;CRC&#148;).&#160;
CRC was subsequently merged into Suncor Energy (USA) Inc. effective August&nbsp;1,
2005.&#160; This facility was integrated with
our existing U.S. refinery.&#160; Our current
combined refining capacity is approximately 90,000 bpd in the U.S.</p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Reduced Refinery Air Emissions &#150; In
connection with the acquisition of a 60,000 bpd refinery from ConocoPhillips on
August&nbsp;1, 2003, we assumed obligations at the refinery pursuant to a
Consent Decree with the United States Environmental Protection Agency to reduce
air emissions.&#160; These obligations were
met during a planned maintenance shutdown in 2006 for a total cost of
approximately $60 million (approximately US$50 million).</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Diesel Desulphurization and Oil Sands
Integration &#150; In July&nbsp;2006, the Commerce City refinery completed its
diesel desulphurization and oil sands integration project at a total cost of
approximately $530 million (US$435 million).&#160;
The completion of the project allows the refinery to produce ultra low
sulphur diesel to meet requirements of fuels desulphurization legislation, and
enable the refinery to process up to 15,000 bpd of oil sands sour crude
oil.&#160; In addition, the modifications
increased the refinery&#146;s ability to process a broader slate of synthetic crude
oil.</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Ethanol Plant &#150; In July&nbsp;2006, we
completed our St. Clair ethanol facility on time and on budget, for a final
cost of $112 million, and with a production capacity of 200 million litres per
year.&#160; The ethanol produced is primarily
blended into our Sunoco-branded fuels and fuels sold through our joint venture
operated networks.&#160; Natural Resources
Canada contributed $22 million towards this project through their Ethanol
Expansion Program.&#160; This contribution of
$22 million includes a repayment obligation and we have already repaid $2
million to date.</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Diesel Desulphurization and Oil Sands
Integration &#150; In November&nbsp;2007, Suncor completed the final phase of a
three year $950 million project at the Sarnia refinery. A 120-day shutdown to
complete the tie-ins was the last step in the multi-phased project. The project
increased the amount of oil sands crude oil the refinery can upgrade, improved
the facility&#146;s environmental performance, and commencing in 2006 enabled the
production of ultra low sulphur diesel fuel.</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Other</font></i></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Renewable Energy</font></i></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition to renewable energy investments in ethanol
production through our Refining and Marketing segment, Suncor also invests in
renewable wind power. Suncor is a partner in four wind power projects,
including two projects commissioned in the past three years.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In November&nbsp;2006,
we, along with our joint venture partners, Enbridge Income Fund and Acciona
Wind Energy Canada Inc., officially opened a 30-megawatt wind power project
near Taber, Alberta called the Chin Chute Wind Power Project.&#160; The project includes 20 wind turbines with
the capacity to produce enough zero-emission electricity to offset the
equivalent of approximately 102,000 tonnes of carbon dioxide per year.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In September&nbsp;2007,
we, along with our joint venture partner Acciona Wind Energy Canada Inc,
officially opened a 76-megawatt wind power plant near Ripley, Ontario.&#160; The $176 million Ripley Wind Power Project
consists of 38 wind turbines, a 27-km transmission line and two electrical
substations.&#160; The project is expected to
displace at least 66,000 tonnes of carbon dioxide per year.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>

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<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Other Transactions</font></i></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Throughout 2005, $40 million was received for the
provision of training services associated with the sale of certain proprietary
technology in 2004.&#160; Amounts are being
recognized into income over the term of the sale agreement.</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></p>

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<div style="font-family:Times New Roman;">

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">NARRATIVE
DESCRIPTION OF THE BUSINESS</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">OIL SANDS (OS)</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suncor produces a variety of
refinery feedstock, diesel fuel and by-products by developing the Athabasca oil
sands in northeastern Alberta and upgrading the bitumen extracted at our plant
near Fort McMurray, Alberta.&#160; Our Oil
Sands operations, accounting for virtually all of our conventional and
synthetic crude oil production in 2007, represent a significant portion of our
2007 capital employed<sup>5</sup>&nbsp;(65%), cash flow from operations<sup>5</sup>&nbsp;(79%)
and net earnings (87%).&#160; These
percentages have been determined excluding the corporate and eliminations
segment information.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Operations</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our integrated Oil Sands
business involves four operations located north of Fort McMurray, Alberta.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Bitumen is supplied from a combination of a
mining operation using trucks and shovels, an in-situ operation and third party
bitumen supply.</p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Extraction facilities recover the bitumen from
the oil sands ore that is mined.&#160; Since
late 2005, bitumen from Firebag is being upgraded, with only a small portion of
production being strategically sold directly into the market.</p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Heavy oil upgrading converts bitumen into crude
oil products.</p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Utilities for the operation (water, steam and
electricity) are generated through facilities on site, some of which are owned
and operated by Suncor, and others which are owned and operated by third
parties.</p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Mining/Extraction
- - The first step of the open pit mining operation is to remove the overburden
with trucks and shovels to access the oil sands - a mixture of sand, clay and
bitumen. Oil sands ore is then excavated and transported to a sizing plant
followed by an </font>ore preparation plant. Here, the oil sands ore is mixed
into a hot water slurry and pumped through hydrotransport pipelines to
extraction plants on the east and west sides of the Athabasca River. In
extraction, bitumen is extracted from the
oil sands ore using a hot water process.&#160;
After the final removal of impurities and minerals, naphtha is added to
dilute the bitumen to facilitate transportation to upgrading.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In-situ
- - Our in-situ operation uses an extraction technology called Steam Assisted
Gravity Drainage (&#147;SAGD&#148;) to extract bitumen from oil sands deposits that are
too deep to be mined economically.&#160; The
first step of the SAGD process is to drill a pair of horizontal wells with one
well located above the other.&#160; Steam
produced by on-site steam generation facilities is injected through the top
well into the oil sands.&#160; Heated bitumen
and condensed steam drain into the bottom well and flow up the well to the
surface.&#160; The bitumen is pumped to our
oil/water separation facilities where the water is removed from the bitumen,
treated, and recycled into the steam generation facilities. For current stages
of in-situ development, naphtha is added to dilute the bitumen to facilitate
transportation to upgrading.&#160; Future
stages propose to use a heated pipeline instead of naphtha dilution for
transport.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Upgrading - After the diluted bitumen is transferred to
the upgrading plant, the naphtha is removed and recycled to be used again as
diluent. The bitumen from both SAGD and mining is upgraded through a coking and
distillation process.&#160; The upgraded
product, referred to as sour synthetic crude oil, is either sold directly to
customers as sour synthetic crude oil or is further upgraded into sweet
synthetic crude oil by removing the sulphur and nitrogen using a hydrogen
treating process.&#160; Four separate streams
of refined crude oil are produced: diesel, naphtha, kerosene and gas oil.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;</font><sup><font size="1" style="font-size:8.0pt;">5</font></sup><font size="1" style="font-size:8.0pt;">&nbsp;Refer to &#147;Non
GAAP Financial Measures&#148; on page&nbsp;ix of this AIF.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7</font></p>

</div>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
continue to explore and develop improved and alternative technologies to
facilitate increased efficiency and processing within our operations.&#160; For example, based on the results of testing
performed during the past two years, we plan to utilize new mining technology
and processes in our future mine development plans.&#160; This technology is incorporated in the July&nbsp;2007
regulatory application for the planned Voyageur South Mine extension.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">While there is virtually no finding cost associated with
synthetic crude oil, the delineation of the resource and development and
expansion of production entail significant capital outlays.&#160; For the same reason, the costs associated
with synthetic crude oil production are largely fixed in the short term, and as
a result, operating costs per unit are largely dependent on levels of
production.&#160; Natural gas is used or
consumed in the production of synthetic crude oil, particularly in SAGD
production at our Firebag operations, and accordingly natural gas prices are a
key variable component of synthetic crude oil production costs.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the normal course of our operations we regularly
complete planned maintenance shutdowns of our Oil Sands facilities.&#160; These shutdowns are scheduled, and provide
both preventative maintenance and capital replacement which are expected to
improve our operational efficiency. In July&nbsp;2007 a scheduled maintenance
shutdown of Upgrader 2 occurred to facilitate the tie-in of new coker units, an
important milestone in the capital expansion project to increase Oil Sands
production capacity to 350,000 bpd in the second half of 2008. A 30-day planned
shutdown of Upgrader 1 is expected to occur in 2008.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Principal Products</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sales of light sweet synthetic
crude oil and diesel represented 59% of Oil Sands consolidated operating
revenues in 2007, compared to 53% in 2006.&#160;
The other significant component of our revenues were light sour synthetic
crude oil and bitumen sales of 38% (2006 &#150; 43%).&#160; Set forth below is information on daily sales
volumes and the corresponding percentage of Oil Sands consolidated operating
revenues by product for each of the last two years.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="31%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:31.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Product:</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="31%" colspan="6" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:31.8%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="31%" colspan="6" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:31.78%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:31.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:14.56%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="border:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:14.56%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:14.56%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.7%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="border:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:14.54%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.06%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="13%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:13.52%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(thousands<br>
  of barrels per<br> &nbsp;day)</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.34%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.22%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(% of Oil <br>
  Sands <br>
  consolidated <br>
  revenues)</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.16%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:12.4%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(thousands <br>
  of barrels per <br>
  day)</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.7%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.78%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.76%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(% of Oil <br>
  Sands <br>
  consolidated revenues)</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Light sweet crude oil / diesel</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.86%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">126.7</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.22%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">59</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:7.98%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.58%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">138.7</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.7%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:14.54%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">53</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Light sour crude oil / bitumen</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:6.86%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">108.0</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.22%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">38</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:7.98%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:6.58%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">124.4</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.7%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:14.54%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">43</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Total</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:6.86%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">234.7</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.22%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:7.98%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:6.58%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">263.1</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.7%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:14.54%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="232" style="border:none;"></td>
  <td width="20" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="50" style="border:none;"></td>
  <td width="51" style="border:none;"></td>
  <td width="20" style="border:none;"></td>
  <td width="18" style="border:none;"></td>
  <td width="91" style="border:none;"></td>
  <td width="20" style="border:none;"></td>
  <td width="16" style="border:none;"></td>
  <td width="44" style="border:none;"></td>
  <td width="49" style="border:none;"></td>
  <td width="20" style="border:none;"></td>
  <td width="21" style="border:none;"></td>
  <td width="88" style="border:none;"></td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We anticipate that approximately 47% of Oil Sands sales
in 2008 will be light sweet synthetic crude and diesel products.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Principal Markets</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We market our crude oil product
blends principally to customers in Canada and the United States, and
periodically to offshore markets.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Transportation</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We own and operate a pipeline
that transports synthetic crude oil from Fort McMurray, Alberta to Edmonton,
Alberta.&#160; The pipeline has a capacity of
approximately 110,000 bpd.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Our Oil Sands business unit entered into a
transportation service agreement with a subsidiary of </font>Enbridge Inc. for a term that commenced in 1999 and extends to
2028.&#160; Under the agreement, our current
pipeline capacity for the transport of synthetic crude oil and diluted bitumen
from Fort McMurray, Alberta to Hardisty, Alberta is 170,000 bpd. In addition,
in 2008 we committed to an additional 12,000 bpd that underpins current
expansion plans for the pipeline.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8</font></p>

</div>
<!-- ZEQ.=1,SEQ=19,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=570023,FOLIO='8',FILE="DISK125:[08ZAS2.08ZAS76702]6667-2-BC_ZAS76702.CHC",USER="STOTHA",CD='Mar  3 11:33 2008' -->


<br clear="all" style="page-break-before:always;">


<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
2005, Suncor entered into a binding memorandum of understanding with Enbridge
Pipelines (Athabasca) Inc, Petro-Canada, Total E&amp;P Canada Limited, and
ConocoPhillips Surmont Partnership for the transportation of crude oil, on a
proposed new pipeline running from Cheecham, Alberta to Edmonton, Alberta.&#160; The expected in-service date of the line is
currently targeted for July&nbsp;1, 2008, with a 25 year term. Initial line
capacity is expected to be 350,000 bpd with potential expansion of capacity to
600,000 bpd with the construction of additional pumping facilities.&#160; Our initial line commitment is 30,000
bpd.&#160; It is expected that the pipeline
will provide an enhanced ability to access new markets on the West coast and
offshore.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suncor
has entered into long term service agreements with affiliates of TransCanada
Corporation for transportation of crude oil on the Keystone pipeline.&#160; The agreements will provide for pipeline
transportation of our crude oil from Hardisty, Alberta to both Patoka, Illinois
and Cushing, Oklahoma.&#160; Transportation of
crude oil on the Keystone pipeline is targeted to commence in 2009.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
continue to evaluate additional pipeline agreements to support our expected
production capacity of 550,000 bpd in 2012.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Periodically,
we also enter into strategic short term cargo transport agreements to ship
synthetic crude oil to the United States Gulf&nbsp;Coast.&#160; These agreements have a term of less than one
year, and are specific to individual shipments.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
have a 20 year agreement with TransCanada Pipeline Ventures Limited Partnership
to provide us with firm capacity on a natural gas pipeline that came into
service in 1999.&#160; The natural gas
pipeline ships natural gas to our Oil Sands facility.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We also transport natural gas to our Oil Sands
operations on the company-owned and operated Albersun pipeline, constructed in
1968.&#160; It extends approximately 300
kilometres south of the plant and connects with TransCanada Pipeline&#146;s Alberta
intra-provincial pipeline system.&#160; The
Albersun pipeline has the capacity to move in excess of 100 mmcf/day of natural
gas.&#160; We arrange for natural gas supply
and control most of the natural gas on the system under delivery based
contracts.&#160; The pipeline moves natural
gas both north and south for us and other shippers.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our Oil Sands mining facilities are readily accessible
by public road.&#160; Our Firebag in-situ
facilities are currently accessible by private road.&#160; We anticipate termination of such access in
2010, and are currently evaluating alternative means of access.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Competitive Conditions</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Competitive conditions affecting
Oil Sands are described under the heading &#147;Competition&#148; in the &#147;Risk Factors&#148;
section of this Annual Information Form.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Seasonal Impacts</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Severe winter climatic
conditions at Oil Sands can cause reduced production and, in some situations,
can result in higher costs.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Sales of Synthetic Crude Oil and Diesel</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aside from on site fuel use, all
of Oil Sands&#146; production is sold to, and subsequently marketed by, Suncor
Energy Marketing Inc.&#160; Primary markets
for our crude oil products include refining operations in Alberta, Ontario, the
U.S. Midwest and the U.S. Rocky Mountain region. Diesel products are sold
primarily in Western Canada.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In 1997, we entered into a long-term agreement with
Flint Hills Resources LLC (&#147;Flint Hills&#148;) to supply Flint Hills with up to
30,000 bpd (approximately 13% of our average 2007 total production (2006 &#150;
11%)) of sour crude from the Oil Sands operation.&#160; We began shipping the crude to Flint Hills at
Hardisty, Alberta (from which Flint Hills ships the product to its refinery in
Minnesota) on January&nbsp;1, 1999.&#160; The </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9</font></p>

</div>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">initial term of the agreement extends to January&nbsp;1,
2009, with month to month evergreen terms thereafter, subject to termination on
twenty-four months notice by either party. Neither party has provided notice of
termination at this time.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under a long term sales agreement with Consumers
Co-operative Refineries Limited (&#147;CCRL&#148;) we supply CCRL with 20,000 bpd
of&nbsp;sour crude oil production.&#160; In
2005, we signed another contract with CCRL for an additional 12,000 bpd of sour
crude oil.&#160; Prices for sour crude oil
under both of these agreements are set at agreed differentials to market
benchmarks.&#160; Both CCRL agreements extend
through to 2011, with renewal options that could extend out to 2018 and
beyond.&#160; Both agreements continue until
terminated by either party with twenty-four months notice.&#160; Neither party has provided notice of termination
at this time.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In 2001, we announced an agreement with Petro-Canada to supply
up to 30,000 bpd of diluent to dilute bitumen produced by Petro-Canada.&#160; Deliveries under the contract are expected to
end when the bitumen processing and sour crude oil supply agreement with
Petro-Canada, described below, takes effect no later than January&nbsp;1, 2009.
Under the agreement, we will process a minimum of 27,000 bpd of Petro-Canada
bitumen on a fee for service basis.&#160;
Petro-Canada will retain ownership of the bitumen and resulting sour
crude oil production of about 22,000 bpd. In addition, we will sell an
additional 26,000 bpd of our proprietary sour crude oil production to
Petro-Canada.&#160; Both the processing and
sales components of the agreement are for a minimum 10-year term.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">There were no customers that represented 10% or more of
our consolidated revenues in 2007, 2006, or 2005.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A portion of our Oil Sands production is used in our
Sarnia and Commerce City refining operations.&#160;
During 2007, the Sarnia refinery processed approximately 7% (2006 - 8%)
of Oil Sands crude oil production and the Commerce City refinery processed
approximately 6% (2006 &#150; 3%) of Oil Sands crude oil production.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Environmental Compliance</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For a discussion of
environmental risks at our Oil Sands operations, refer to the &#147;Legal and
Regulatory Risks&#148; outlined in the &#147;Risk Factors&#148; section of this Annual
Information Form, as well as the &#147;Asset Retirement Obligations&#148; section under &#147;Critical
Accounting Estimates&#148; in the &#147;Suncor Overview and Strategic Priorities&#148; section
of our MD&amp;A.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">NATURAL GAS (NG)</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our Natural Gas business, based in Calgary, Alberta,
explores for, develops and produces conventional natural gas and natural gas
liquids in Western Canada, supplying markets throughout North America.&#160; The sale of NG&#146;s production provides a
natural price hedge for natural gas purchased for internal consumption.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In 2007, natural gas and
natural gas liquids accounted for approximately 98% of the NG business unit&#146;s
production (2006 &#150; 97%).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NG&#146;s exploration program
is focused on multiple geological zones in three core asset areas: Northern
(northeast British Columbia and northwest Alberta), Foothills (western Alberta
and portions of northeast British Columbia) and Central Alberta.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>

</div>
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<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Marketing, Pipeline and Other Operations</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We operate natural gas
processing plants at South Rosevear, Pine Creek, Boundary Lake South, Progress
and Simonette with a total design capacity of approximately 315 mmcf/d.&#160; Our capacity interest in these gas processing
plants is approximately 135 mmcf/d.&#160; We
also have varying undivided percentage interests in natural gas processing
plants operated by other companies and processing agreements in facilities
where we do not hold an ownership interest.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approximately 87% of our natural gas production is sold
to Suncor Energy Marketing Inc. and then marketed under direct sales
arrangements to customers in Alberta, British Columbia, Eastern Canada, and the
United States.&#160; Contracts for these
direct sales arrangements are of varied terms, with a majority having terms of
one year or less, and incorporate pricing which is either fixed over the term
of the contract or determined on a monthly basis in relation to a specified
market reference price.&#160; Under these
contracts, we are responsible for transportation arrangements to the point of
sale.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approximately 13% of our natural gas production is sold
under existing contracts to aggregators (&#147;system sales&#148;). Proceeds received by
producers under these sales arrangements are determined on a netback basis,
whereby each producer receives revenue equal to its proportionate share of
sales less regulated transportation charges and a marketing fee.&#160; Most of our system sales volumes are
contracted to Cargill Gas Marketing Ltd. (formerly TransCanada Gas Services)
and Pan-Alberta Gas.&#160; These companies
resell this natural gas primarily to eastern Canadian and Midwest and Eastern
United States markets.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To provide exposure to the Pacific Northwest and
California markets, we have a long-term gas pipeline transportation contract on
the National Energy Group Transmission Pipeline (formerly Pacific Gas
Transmission).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We do not typically enter long-term supply arrangements
for our conventional crude oil production.&#160;
Instead, our conventional crude oil production is generally sold under
spot contracts or under contracts that can be terminated on relatively short
notice.&#160; Our conventional crude oil
production is shipped on pipelines operated by independent pipeline
companies.&#160; The NG business currently has
no pipeline commitments related to the shipment of crude oil.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Principal Products</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sales of natural gas represented
88% (2006 &#150; 90%) of NG&#146;s consolidated operating revenues in 2007, with the
remaining 12% (2006 &#150; 10%) comprised of sales of natural gas liquids and crude
oil.&#160; Set forth below is information on
daily sales volumes and the corresponding percentage of NG&#146;s consolidated
operating revenues by product for the last two years.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="31%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:31.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Product:</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="31%" colspan="6" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:31.82%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="31%" colspan="6" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:31.76%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:31.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:14.56%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="border:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:14.58%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:14.56%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.7%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="border:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:14.52%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.8%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:10.76%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(Millions of <br>
  cubic feet <br>
  equivalent<br>
  per day)</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.86%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.72%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(% of NG <br>
  consolidated <br>
  revenues)</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.22%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:11.34%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(thousands<br>
  of barrels of<br>
  oil equivalent<br>
  per day)</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.7%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.18%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(% of NG <br>
  consolidated <br>
  revenues)</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Natural gas</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.86%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">196</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.86%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.72%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">88</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:7.98%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.58%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">191</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.7%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:14.52%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">90</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Crude Oil and Natural gas liquids</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:6.86%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">19</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.86%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.72%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">12</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:7.98%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:6.58%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">18</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.7%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:14.52%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">10</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Total</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:6.86%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">215</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.86%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.72%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.68%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:7.98%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:6.58%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">209</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.7%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:14.52%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="232" style="border:none;"></td>
  <td width="20" style="border:none;"></td>
  <td width="28" style="border:none;"></td>
  <td width="29" style="border:none;"></td>
  <td width="51" style="border:none;"></td>
  <td width="20" style="border:none;"></td>
  <td width="29" style="border:none;"></td>
  <td width="80" style="border:none;"></td>
  <td width="20" style="border:none;"></td>
  <td width="24" style="border:none;"></td>
  <td width="36" style="border:none;"></td>
  <td width="49" style="border:none;"></td>
  <td width="20" style="border:none;"></td>
  <td width="25" style="border:none;"></td>
  <td width="84" style="border:none;"></td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Competitive Conditions</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Competitive conditions affecting NG are described
under &#147;Competition&#148; in the &#147;Risk Factors&#148; section of this Annual Information
Form.</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11</font></p>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Seasonal Impacts</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Risks and uncertainties associated with weather
conditions and wildlife restrictions can shorten the winter drilling season and
impact the spring and summer drilling programs, potentially resulting in
increased costs or reduced production.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Environmental Compliance</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For a discussion of
environmental risks at our NG operations, refer to the &#147;Legal and Regulatory
Risks&#148; outlined in the &#147;Risk Factors&#148; section of this Annual Information Form,
as well as the &#147;Asset Retirement Obligations&#148; section under &#147;Critical
Accounting Estimates&#148; in the &#147;Suncor Overview and Strategic Priorities&#148; section
of our MD&amp;A.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">REFINING AND
MARKETING (R&amp;M)</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consistent with the company&#146;s
organizational restructuring during the first quarter of 2007, results from our
Canadian and U.S. downstream marketing and refining operations have been
combined into a single business segment &#150; Refining and Marketing.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our
Canadian-based refining and marketing business operates in Central Canada.&#160; Our refinery in Sarnia, Ontario, has a crude
oil capacity of 70,000 bpd and refines petroleum feedstock from Oil Sands and
other sources into gasoline, distillates, and petrochemicals with the majority
of these refined products being distributed in Ontario.&#160; Our ethanol facility in St. Clair, Ontario,
produces ethanol from corn, which is used for blending into our fuels and is
also sold to third parties.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As a marketing
channel for our Canadian refined products, our Ontario retail networks
generated approximately 51% of R&amp;M&#146;s Canadian 2007 sales volume of 112,000
bpd.&#160; The retail networks are comprised
of Sunoco-branded retail service stations, Sunoco-branded Fleet Fuel Cardlock
sites, and two 50% retail joint venture<sup>6</sup>&nbsp;businesses that
operate Pioneer-branded retail service stations, UPI-branded retail service
stations and UPI bulk distribution facilities for rural and farm fuels.&#160; Approximately 44% of R&amp;M&#146;s Canadian
refined product sales in 2007 were wholesale and industrial sales. Sun
Petrochemicals Company, a 50% joint venture between a Suncor subsidiary and a
Toledo, Ohio-based refinery, generated the remaining 5% of sales.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our U.S.-based refining and marketing business
includes a refining facility, a retail network, and a pipeline transportation
business primarily in Colorado and Wyoming.&#160;
The Commerce City, Colorado refining facility has a current combined
crude distillation capacity of 90,000 bpd.&#160;
The majority of the refined products from the Commerce City refinery are
distributed in Colorado.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approximately 18% of R&amp;M&#146;s US petroleum products
sales in 2007 (2006 &#150; 18%) were sold through a distribution network in Colorado
that sells gasoline and diesel fuel to retail customers.&#160; In 2007, approximately 74% (2006 &#150; 74%) of our U.S.-based
petroleum product sales volumes were to industrial, commercial, wholesale and
refining customers in Colorado, representing primarily jet fuels, diesel and
gasoline.&#160; Asphalt sales comprised the remaining 8% of R&amp;M&#146;s U.S. refined
product sales volumes for 2007 (2006 &#150; 8%).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
addition to our downstream refining and marketing operations, this business
also includes an energy marketing and trading business.&#160; Energy marketing and trading activities
consist of both third party crude oil marketing, and financial and physical
derivatives trading activities.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;</font><sup><font size="1" style="font-size:8.0pt;">6</font></sup><font size="1" style="font-size:8.0pt;">&nbsp;Pioneer Group Inc. is an independent company with
which Suncor has a 50% joint venture partnership.&#160; UPI Inc. is a 50% joint venture company
Suncor has with GROWMARK Inc., a Midwest U.S. retail farm supply and grain
marketing cooperative.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p>

</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Procurement of
Feedstocks</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Sarnia refinery uses both synthetic and conventional
crude oil.&#160; In 2007, the Sarnia refinery
procured approximately 50% (2006 &#150; 55%) of its synthetic crude oil feedstock
from our Oil Sands production.&#160; In 2007,
43% (2006 &#150; 60%) of the crude oil refined at the Sarnia Refinery was synthetic
crude oil.&#160; The balance of the refinery&#146;s
synthetic crude oil, as well as its conventional and condensate feedstocks,
were purchased from others under month to month contracts.&#160; In the event of a significant disruption in
the supply of synthetic crude oil, the refinery has the flexibility to
substitute other sources of sweet or sour conventional crude oil.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
procure conventional crude oil feedstock for our Sarnia refinery primarily from
Western Canada, supplemented from time to time with crude oil from the United
States and other countries.&#160; Foreign
crude oil is delivered to Sarnia via pipeline from the United States Gulf Coast
or via the Enbridge Pipeline from Montreal.&#160;
We have not made any firm capacity commitments on these pipeline
systems.&#160; Crude oil is procured from the
market on a spot basis or under contracts which can be terminated on short
notice.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
1998, EM&amp;R signed a 10-year feedstock agreement with a Sarnia-based
petrochemical refinery, Nova Chemicals (Canada) Ltd.&#160; Under this buy/sell agreement, we obtain
feedstock that is more suitable for production of transportation fuels in
exchange for feedstock more suitable for petrochemical cracking.&#160; We also enter into reciprocal buy/sell or
exchange arrangements with other refining companies from time to time as a
means of minimizing transportation costs, balancing product availability and
enhancing refinery utilization.&#160; We also
purchase refined products in order to meet customer requirements.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In July&nbsp;2006,
with the completion of our ethanol facility, we began producing ethanol for use
in our blended gasoline products, and for sales to third parties.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Commerce City refining operation uses both conventional and synthetic crude
oil.&#160; Approximately one-quarter of the refinery&#146;s crude oil is
purchased from Canadian sources, with the remainder supplied from sources in
the United States, primarily from the Rocky Mountain region.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
refinery&#146;s crude oil purchase contracts have terms ranging from month-to-month
to multi-year.&#160; In the event of a
significant disruption in the supply of crude oil, the refinery has the
flexibility to substitute other sources of sweet or sour crude oil on a spot
purchase basis.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">With the completion of our diesel desulphurization and
oil sands integration projects, we are now capable of </font>processing of up
to 40,000 bpd and 15,000 bpd of Oil Sands sour crude oil at our Canadian and
U.S. refineries, respectively.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Refining Operations</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Canadian</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Sarnia refinery produces
transportation fuels (gasoline, diesel, propane and jet fuel), heating fuels,
liquefied petroleum gases, residual fuel oil, asphalt feedstock, benzene,
toluene, mixed xylenes and orthoxylene, as well as the petrochemicals A-100 and
A-150 that are used in the manufacture of paint and chemicals.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
2007 the refinery had capacity to refine 70,000 bpd of crude oil.&#160; Refining units include a 23,300 bpd
hydrocracker and a 5,400 bpd alkylation unit. The petrochemical facilities have
a capacity of 13,100 bpd, the aromatic solvents unit has a capacity of
approximately 1,000 bpd, and our gasoline desulphurization unit has the
capacity to process 10,250 bpd. The distillate hydrotreater that became
operational in July&nbsp;2006 has a processing capacity of 43,600 bpd.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
2007 the refinery had cracking capacity of 40,200 bpd from a Houdry catalytic
cracker (&#147;catcracker&#148;) and a hydrocracker.&#160;
Approximately 40% of the cracking capacity was attributable to the
catcracker, which uses older technology. In 2004, a study to assess the
catcracker concluded that, with planned improvements and upgrades, it can
continue to be operated economically and safely for at least 10 years.&#160; </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13</font></p>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A
range of replacement options for the catcracker was identified during a review
in 2005. Analysis of these and other options will continue.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Overall,
crude utilization averaged 98% for 2007, compared to 78% in 2006.&#160; In 2007 the utilization rate was impacted by
a shutdown to tie-in new facilities while in 2006 the utilization rate was
impacted by a major maintenance shutdown.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
refinery&#146;s external steam and electricity needs are currently being met
primarily by supply from the Sarnia Regional Co-generation Project.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Refining units include two fluidized catalytic
crackers with a 29,500 bpd combined capacity, a 19,000 bpd distillate
hydrotreater and a 26,000 bpd gas oil hydrotreater.&#160; The refined gasoline products from the
Commerce City refinery primarily supply R&amp;M&#146;s marketing operations in
Colorado.&#160; Refining sales in 2007
averaged approximately 99,600 bpd (15,800 m</font><sup><font face="Times New Roman">3</font></sup>&nbsp;per day) compared to 90,600
bpd (14,400 m<sup>3</sup>&nbsp;per day) in 2006.</p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Commerce City refining operation is a high conversion operation that produces a
full range of products, including gasoline, jet fuels, diesel and asphalt.&#160; The refinery produces a crude slate
containing approximately one-third heavy, high sulphur crude.&#160; Overall, crude utilization averaged 99% in
2007 (2006 &#150; 92%).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following chart sets out R&amp;M&#146;s total daily
crude input and average refinery utilization rates for both its combined
Canadian and U.S. refinery operations in 2007 and 2006.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="68%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:68.6%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Total Canadian and U.S. Refinery Capacity</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.0%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.68%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.0%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.68%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="68%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:68.6%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.0%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:12.68%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.0%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:12.68%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="68%" valign="top" style="padding:0in .7pt 0in .7pt;width:68.6%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;&nbsp;Average
  daily crude input (barrels per day)</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.0%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.68%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">157,600&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.0%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.68%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">136,700&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="68%" valign="top" style="padding:0in .7pt 0in .7pt;width:68.6%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;&nbsp;Average
  crude utilization rate (%)<sup>(1)</sup></font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.0%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.68%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">98&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.0%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.68%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">85&nbsp;</font></p>
  </td>
 </tr>
</table>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Notes:</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Based on crude unit capacity and input to crude units.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the normal course of our operations we regularly
complete planned maintenance shutdowns of our refinery facilities.&#160; These shutdowns are scheduled, and provide
both preventative maintenance and capital replacement which is expected to
maintain our operational efficiency.&#160;
During 2007, significant maintenance shutdowns were successfully
completed at both our Sarnia and Commerce City area refining facilities.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14</font></p>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Principal Products</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Set forth below is information
on daily sales volumes and the corresponding percentage of R&amp;M&#146;s
consolidated operating revenues by product for the last two years.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="31%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Product:</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="30%" colspan="5" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.92%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="30%" colspan="5" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.62%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:13.72%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" colspan="2" valign="top" style="border:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:13.7%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:14.12%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" colspan="2" valign="top" style="border:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:13.16%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="13%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:13.72%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(thousands<br>
  of cubic<br>
  meters per<br>
  day)</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="13%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:13.7%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(% of R&nbsp;&amp;M&#146;s
  consolidated revenues)</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:14.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(thousands <br>
  of cubic<br>
  meters per<br>
  day)</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="13%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:13.16%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(% of R&amp;M&#146;s<br>
  consolidated<br>
  revenues)</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.38%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.82%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.3%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.9%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.26%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Transportation
  Fuels</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.38%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.82%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.3%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.9%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.26%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Gasoline</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.38%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.82%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.3%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.9%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.26%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt 20.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Retail</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.38%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">5.2</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">13</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.82%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.3%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">5.3</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.9%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.26%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">19</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt 20.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Joint Ventures</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.38%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3.1</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.82%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.3%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3.0</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.9%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.26%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt 20.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Other</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.38%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">8.5</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">24</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.82%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.3%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">7.6</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.9%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.26%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">23</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Jet Fuel</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.38%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2.3</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.82%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.3%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1.7</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.9%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.26%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Diesel</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.38%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">8.3</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">18</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.82%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.3%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">6.8</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.9%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.26%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">18</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt 20.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Sub-total &#150; Transportation Fuels</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.38%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:7.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">27.4</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">64</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.82%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:7.3%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">24.4</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.9%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:7.26%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">70</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Petrochemicals</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.38%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">0.9</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.82%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.3%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">0.9</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.9%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.26%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Asphalt</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.38%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1.7</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.82%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.3%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1.2</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.9%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.26%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Other</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.38%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3.5</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.82%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.3%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3.0</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.9%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.26%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt 20.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Total Refined Products</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.38%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:7.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">33.5</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">73</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.82%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:7.3%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">29.5</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.9%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:7.26%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">79</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Other Non-Refined
  Products<sup>(1)</sup></font></p>
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Energy
  Marketing&nbsp;&amp; Trading </font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.38%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:7.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">25</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.82%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:7.3%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.9%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.26%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">19</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.96%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Total %</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.38%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.34%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:7.7%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">100</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.42%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.82%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.3%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.9%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:7.26%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">100</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Note:</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Includes ancillary revenues</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Principal Markets</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Canadian</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approximately 51%
(2006 &#150; 58%) of R&amp;M&#146;s Canadian sales volumes are marketed through retail
networks, including the Sunoco-branded retail network, joint venture owned
retail stations and cardlock operations.&#160;
In 2007, this network was comprised of:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Courier" style="font-size:10.0pt;">o<font size="1" face="Times New Roman" style="font:7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font>272 (2006 &#150; 272) Sunoco-branded
retail service stations</p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Courier" style="font-size:10.0pt;">o<font size="1" face="Times New Roman" style="font:7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font>151 (2006 &#150; 151) Pioneer-operated
retail service stations</p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Courier" style="font-size:10.0pt;">o<font size="1" face="Times New Roman" style="font:7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font>55 (2006 &#150; 53) UPI-operated retail
service stations and a network of 13
bulk distribution facilities for rural and farm fuels</p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Courier" style="font-size:10.0pt;">o<font size="1" face="Times New Roman" style="font:7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font>48 (2006 &#150; 36) Sunoco branded
Fleet Fuel Cardlock sites</p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UPI Inc. is a joint
venture company owned 50% with GROWMARK Inc., a U.S. Midwest agricultural
supply and grain marketing cooperative.&#160;
Pioneer is a 50% joint venture partnership with The Pioneer Group Inc.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Refined
petroleum products (excluding petrochemicals) are marketed under several
brands, including the Company&#146;s Canadian &#147;Sunoco&#148; trademark.&#160; R&amp;M&#146;s other principal trademarks include &#147;Ecowash&#148;,
our award-winning car wash and &#147;Gold Diesel&#148;, our premium low-sulphur diesel
product.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15</font></p>

</div>
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<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approximately 44% (2006 &#150; 36%) of R&amp;M&#146;s Canadian
sales volumes are sold to industrial, commercial, wholesale and refining
customers, primarily in Ontario.&#160; R&amp;M
also supplies industrial and commercial customers in Quebec through long-term arrangements
with other regional refiners.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">R&amp;M Canadian
operations market toluene, mixed xylenes, orthoxylene and other petrochemicals,
primarily in Canada and the U.S., through Sun Petrochemicals Company.&#160; R&amp;M has a 50% interest in Sun
Petrochemicals Company, a petrochemical marketing joint venture that markets
products from our Sarnia, Ontario refinery and from a Toledo, Ohio, refinery
owned by the joint venture partner.&#160; Sun
Petrochemicals Company markets petrochemicals used to manufacture plastics, rubber,
synthetic fibres, industrial solvents and agricultural products, and gasoline
octane enhancers.&#160; All benzene production
is sold directly to other petrochemical manufacturers in Sarnia, Ontario.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">R&amp;M&#146;s share of total
refined product sales in its primary Canadian market of Ontario was
approximately 20% in 2007 (2006 &#150;
18%).&#160; Transportation fuels accounted for
78% of R&amp;M&#146;s Canadian sales
volumes in 2007 (2006 &#150; 82%); and petrochemicals accounted for 5% (2006 &#150; 6%).&#160; The remaining volumes included other refined
products such as heating fuels, heavy oils and liquefied petroleum gases, and
were sold to industrial users and resellers.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Refined petroleum
products are also supplied to the Pioneer and UPI joint ventures.&#160; We have a separate supply agreement with each
of UPI and Pioneer.&#160; These supply
agreements are evergreen and are subject to termination only in accordance with
the terms of the various agreements between the parties.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approximately 18%
of R&amp;M&#146;s U.S. sales volumes are marketed through Phillips 66 &#174; - branded
retail outlets.&#160; This network is
comprised of:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160; </font>44
owned Phillips 66 &#174; - branded retail sites, which account for approximately 5%<b>  </b>of R&amp;M&#146;s
U.S. sales volumes; and</p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font>Supply
agreements with 173 Phillips 66 &#174; branded marketer outlets throughout the state
of Colorado, which account for approximately 13% of R&amp;M&#146;s U.S. sales volumes. These agreements are
typically for three year terms with provision for automatic three year renewal
periods on an evergreen basis.</p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We have an exclusive
license from ConocoPhillips to use the Phillips 66 &#174; and related trademarks and
brand names in Colorado until December&nbsp;31, 2012.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Denver refining
operation also supplies all of its asphalt production to SemMaterials, L.P. &#160;Asphalt sales made up about 8% of&nbsp;R&amp;M&#146;s
U.S. 2007 sales volumes (2006 &#150; 8%).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approximately 74% of
R&amp;M&#146;s U.S. sales volumes are sold to industrial, commercial, wholesale and
refining customers, primarily in Colorado, of which approximately 10% was sold
under a long-term supply agreement with ConocoPhillips (expiring in 2013) and
23% was sold under a supply agreement with Valero (expiring in 2008).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">R&amp;M estimates its
U.S. sales of total light fuels refined product in 2007 represented a market
share, in its primary market of Colorado, of approximately 40% (2006 &#150; 40%).&#160; Within this market, R&amp;M&#146;s Phillips 66 &#174; -
branded sites represent a 13% market
share (2006 &#150; 15%).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Transportation and
Distribution</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">R&amp;M operations use a variety of transportation
modes to deliver products to market, including pipeline, water, rail and road.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For our Canadian
operations, R&amp;M owns and operates petroleum transportation, terminal and
dock facilities, including storage facilities and bulk distribution plants in
Ontario. The major mode of transporting gasoline, diesel, jet fuel and heating
fuels from the Sarnia refinery to core markets in Ontario is the Sun-</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16</font></p>

</div>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Canadian Pipe Line, which
is 55% owned by Suncor and 45% owned by another refiner. The pipeline operates
as a private facility for its owners, serving terminal facilities in Toronto,
Hamilton and London.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We also have pipeline
access, subject to availability, to petroleum markets in the Great Lakes region
of the United States by way of a pipeline system in Sarnia operated by a U.S.
based refiner.&#160; This link to the U.S.
allows R&amp;M&#146;s Canadian operations to move products to market or obtain
feedstocks/products when market conditions are favourable in the Michigan and
Ohio markets.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For
our U.S. operations, approximately sixty percent of crude oil processed at the
Denver refining operation is transported via pipeline, with the remainder
supplied via truck.&#160; R&amp;M owns and
operates the Rocky Mountain Crude system, which runs from Guernsey, Wyoming to
Denver, Colorado.&#160; This pipeline is a
common carrier pipeline that transports crude for the Denver refinery as well
as for other shippers.&#160; We also operate a
crude pipeline, the Centennial pipeline, from Guernsey, Wyoming to Cheyenne,
Wyoming.&#160; Until September&nbsp;27, 2007,
we owned approximately 65% of the Centennial pipeline.&#160; Effective September&nbsp;27, 2007, we
purchased the remaining 35% interest from another area refiner, and are now the
100% owner of the Centennial pipeline.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Rocky Mountain crude system had a capacity of 38,000 bpd in 2007 for the
Guernsey to Cheyenne leg of the pipeline and 73,500 bpd for the Cheyenne to
Denver leg of the pipeline.&#160; In 2007, the
Rocky Mountain Crude system utilized approximately 85% (2006 &#150; 81%) of its
capacity with average throughput of 27,600 bpd (2006 &#150; 28,200 bpd) in the
Guernsey to Cheyenne leg of the pipeline, and 67,700 bpd (2006 - 62,400 bpd) in the higher capacity
Cheyenne to Denver leg.&#160;&#160; During the same
period, the Centennial pipeline utilized approximately 80% (2006 &#150; 85%) of capacity, with an average throughput of
approximately 50,800 bpd (2006 &#150; 54,400 bpd).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">R&amp;M&#146;s U.S. operations have both truck and rail
loading racks at the Denver area refining facility with product loading
capacity in excess of 30,000 bpd, a one<b>  </b>mile long
7,000 bpd jet fuel pipeline that connects to a common carrier pipeline system
for deliveries to the Denver International Airport, and a four<b>  </b>mile long 14,000 bpd diesel pipeline that delivers diesel
product directly to the Union Pacific railroad yard in Denver, Colorado.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In both our Canadian and
U.S. operations, we believe our own storage facilities, and those under
long-term contractual arrangements with other parties, are sufficient to meet
our current and foreseeable storage needs.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Competitive Conditions</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Competitive conditions
affecting our R&amp;M business are described under &#147;Competition&#148; in the &#147;Risk&#160; Factors&#148; section of this Annual Information
Form.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Environmental Compliance</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Due to increasingly
stringent regulations regarding water discharges, we are required to improve
water treatment capability at our Commerce City refining operation, which will
require additional water treating equipment for the discharge of process waste
water. It is estimated this will cost approximately $44 million to $49 million
(US$45 to $50 million) and is expected to be completed in the 2008 to 2010
timeframe.&#160;&#160; During 2007 we spent
approximately $12 million (US $11 million) on the ammonia phase waste water
project.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Ontario provincial,
Colorado state and Canadian federal governments are in various stages of
developing greenhouse gas management legislation and regulation. At this time,
no such legislation has been tabled in any of these jurisdictions and any
potential impacts are unknown.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For a
discussion of environmental risks at our R&amp;M operations, refer to the &#147;Legal
and Regulatory Risks&#148; outlined in the &#147;Risk Factors&#148; section of this Annual
Information Form, as well as the &#147;Asset Retirement Obligations&#148; section under &#147;Critical
Accounting Estimates&#148; in the &#147;Suncor Overview and Strategic Priorities&#148; section
of our MD&amp;A.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17</font></p>

</div>
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<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">MATERIAL CONTRACTS</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">During the year ended December&nbsp;31, 2007, we have
not entered into any contracts, nor are there any contracts still in effect,
that are material to our business, other than contracts entered into in the
ordinary course of business and the Shareholder Rights Plan dated April&nbsp;28,
2005.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">RESERVES ESTIMATES</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As a Canadian issuer, we are subject to the
reporting requirements of Canadian securities regulatory authorities, including
the reporting of our reserves in accordance with National Instrument 51-101 <i>Standards of Disclosure for Oil and Gas Activities</i> (&#147;NI
51-101&#148;).&#160; However, we have received an
exemption from Canadian securities regulatory authorities permitting us to
report our reserves in accordance with U.S. disclosure requirements.&#160; Pursuant to U.S. disclosure requirements, we
disclose net proved conventional oil and gas reserves, including natural gas
reserves and bitumen reserves from our Firebag in-situ leases, using constant
dollar cost and pricing assumptions.&#160; As
there is no recognized posted bitumen price, these assumptions are based on a
posted benchmark oil price, adjusted for transportation, gravity and other
factors that create the difference (&#147;differential&#148;) in price between the posted
benchmark price and Suncor&#146;s bitumen.&#160;
Both the posted benchmark price and the differential are generally
determined as of a point in time, namely December&nbsp;31 (&#147;Constant Cost and
Pricing&#148;).&#160; Reserves from our Firebag
in-situ leases are reported as barrels of bitumen, using these Constant Cost
and Pricing assumptions (see &#147;Required U.S. Oil and Gas Disclosure &#150; Proved
Conventional Oil and Gas Reserves&#148; for net proved conventional oil and gas
reserves).</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to U.S. disclosure requirements, we also
disclose gross and net proved and probable mining reserves.&#160; The estimates of our gross and net mining
reserves are based in part on the current mine plan and estimates of extraction
recovery and upgrading yields. We report mining reserves as barrels of
synthetic crude oil based on a net coker, or synthetic crude oil yield from
bitumen of 78.5% for proven reserves, and 80% for proved plus probable
reserves.&#160; The lower yield rate applied
to proven reserves reflects historical operational levels.&#160; The 80% proved plus probable reserves yield
rate reflects anticipated yield levels once operational performance issues have
been addressed.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">During 2005, we reached an agreement with the
Government of Alberta finalizing the terms of our option to transition to the
generic bitumen-based royalty regime commencing in 2009, allowing us to prepare
an estimate of our net mining reserves.&#160;
The estimate of our net mining reserves reflects the value of Alberta
Crown, overriding, and freehold royalty burdens under constant December&nbsp;31
pricing and our exercise of the option electing to transfer to a bitumen based
Crown royalty effective at the beginning of 2009 (See &#147;Required U.S. Oil and
Gas and Mining Disclosure &#150; Proved and Probable Oil Sands Mining Reserves&#148; for
both gross and net, proved and probable mining reserves).&#160; Our Firebag in-situ leases are subject to
Crown royalty based on bitumen, rather than synthetic crude oil.&#160; As there is currently no legislated methodology
for determining bitumen value for Alberta Crown royalty purposes, bitumen value
for determining royalties has been assumed to correspond to Firebag bitumen
sales to our upgrader.&#160; However,
determination of bitumen value for royalty purposes is currently under review
by the Government of Alberta.&#160; In October&nbsp;2007,
the Government of Alberta proposed changes to the royalty regime.&#160; In January&nbsp;2008, Suncor entered into a
Royalty Amending Agreement to transition to the new royalty framework assuming
the government enacts their proposed changes.&#160;
Neither the governments&#160; proposed
changes, nor our Royalty Amending Agreement have been reflected in the
following reserve estimates.&#160; For a full
discussion of our Crown royalties, see &#147;Oil Sands Crown Royalties&#148; and &#147;Natural
Gas Crown Royalties&#148; in the &#147;Suncor Overview and Strategic Priorities&#148; section
of our MD&amp;A.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition to reporting our reserves in
accordance with U.S. disclosure requirements, the exemption issued by Canadian
securities regulatory authorities permits us to provide voluntary additional
disclosure.&#160; We provide this voluntary
additional disclosure to show aggregate proved and probable oil sands reserves,
including both mining and Firebag reserves.&#160;
In our voluntary disclosure we report our aggregate reserves on the
following basis:</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18</font></p>

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<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Gross and net proved and probable mining reserves
are consistent with required US mining disclosures, however the voluntary
disclosure reflects normalized constant dollar cost and pricing
assumptions.&#160; These assumptions use a
posted benchmark oil price as at December&nbsp;31, but apply a differential
generally intended to represent a normalized annual average for the year (&#147;Annual
Average Differential Pricing&#148;), rather than a point in time differential, in
accordance with CSA Staff Notice 51-315 (reported as barrels of synthetic crude
oil based upon a net coker, or synthetic crude oil, yield from bitumen of 78.5%
for proved reserves and 80% for proved plus probable reserves);&#160; and</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Gross and net proved and probable bitumen
reserves from Firebag in-situ leases, evaluated based on Annual Average
Differential Pricing.&#160; Bitumen reserves
estimated on this basis are subsequently converted, for aggregation purposes
only, to barrels of synthetic crude oil based on a net coker or synthetic crude
oil yield from bitumen of 80% for proved and proved plus probable reserves.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Accordingly, our voluntary disclosures of
reserves from our Firebag in-situ leases will differ from our required U.S.
disclosure in four ways.&#160; Reserves from
our Firebag in-situ leases under our voluntary disclosure:</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>are disclosed on a gross basis as well as the
required net basis under U.S. disclosure requirements;</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>are converted from barrels of bitumen under U.S.
disclosure requirements to barrels of synthetic crude oil for aggregation
purposes;</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>include proved plus probable reserves, rather
than proved reserves only under U.S. disclosure requirements; and</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>are evaluated based on 2007 Annual Average
Differential Pricing assumptions, in accordance with CSA Staff Notice 51-315,
versus Constant Cost and Pricing assumptions pursuant to U.S. disclosure
requirements.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Comparisons of reserve estimates under &#147;Required
U.S. Oil and Gas Mining Disclosure&#148; and &#147;Voluntary Oil Sands Reserve Disclosure&#148;
may show material differences based on the pricing assumptions used, whether
the reserves are reported as barrels of bitumen or barrels of synthetic crude
oil, whether probable reserves are included, and whether the reserves are
reported on a gross or net basis.&#160; These
differences were significant for 2005 and 2007 reporting given the considerably
lower constant price assumptions. At December&nbsp;31, 2006, there was no
difference arising from pricing. Refer to &#147;Voluntary Oil Sands Reserves and
Resources Disclosure - Estimated Gross and Net Proved and Probable Oil Sands
Reserves Reconciliations&#148;.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">In addition to our required and voluntary
reserves disclosures, we have also elected to disclose our best estimate
remaining recoverable resources for both mining and in-situ at December&nbsp;31,
2007.&#160;&#160; These disclosures follow the
requirements in </font>NI 51-101.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All of our reserves and resources have been
evaluated as at December&nbsp;31, 2007 by independent petroleum consultants,
GLJ Petroleum Consultants Ltd. (&#147;GLJ&#148;).&#160;
In reports dated February&nbsp;19, 2008 for Oil Sands Mining and February&nbsp;11,
2008 for Oil Sands In-Situ (collectively referred to herein as &#147;GLJ Oil Sands
Reports&#148;), GLJ evaluated our resources and our proved and probable reserves on
our oil sands mining and Firebag in-situ leases pursuant to U.S. disclosure
requirements using Constant Cost and Pricing assumptions.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Estimates in the GLJ Oil
Sands Reports consider recovery from leases for which regulatory applications
have been submitted and no impediment to the receipt of regulatory approval is
expected. The mining reserve estimates are based on a detailed geological
assessment and also consider industry practice, </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19</font></p>

</div>
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<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">drill density, production
capacity, extraction recoveries, upgrading yields, mine plans, operating life,
project implementation commitments, and regulatory constraints.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For Firebag in-situ
reserve estimates, GLJ considered similar factors such as our regulatory
approval or likely impediments to the receipt of pending regulatory approval,
project implementation commitments, detailed design estimates, detailed
reservoir studies, demonstrated commercial success of analogous commercial
projects and drill density.&#160; Our proved
reserves are delineated to within 80 acre spacing with 3D seismic control (or
40 acre spacing without 3D seismic control) while our probable reserves are
delineated to within 160 acre spacing without 3D seismic control.&#160; The major facility expenditures to develop our
proved undeveloped reserves have been approved by our Board.&#160; Plans to develop our probable undeveloped
reserves in subsequent phases are under way but have not yet received final
approval from our Board.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In a report dated February&nbsp;11, 2008 (&#147;GLJ NG
Report&#148;), GLJ also evaluated our proved reserves of natural gas, natural gas
liquids and crude oil (other than reserves from our mining leases and the
Firebag in-situ reserves) as at December&nbsp;31, 2007.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our reserves estimates will continue to be
impacted by both drilling data and operating experience, as well as
technological developments and economic considerations.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Net reserves represent Suncor&#146;s undivided
percentage interest in total reserves after deducting Crown royalties, freehold
and overriding royalty interests.&#160;
Reserve estimates are based on assumptions about future prices,
production levels, operating costs, capital expenditures, and the current
Government of Alberta royalty regime.&#160;
These assumptions reflect market and regulatory conditions, as required,
at December&nbsp;31, 2007, which could differ significantly from other points
in time throughout the year, or future periods.&#160;
Changes in market and regulatory conditions and assumptions can
materially impact the estimation of net reserves.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">REQUIRED U.S. OIL AND GAS AND MINING DISCLOSURE</font></b></h1>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proved and Probable Oil
Sands Mining Reserves</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="41%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:41.14%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="16%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:16.64%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Proved</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="16%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:16.64%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Probable</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="16%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:16.64%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Probable &amp; Proved</font></p>
  </td>
  <td width="1%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:1.0%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="41%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:41.14%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Millions of barrels of synthetic <br>
  crude oil <sup>(1)</sup></font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Gross<sup>(2)</sup></font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Net<sup>(3)</sup></font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Gross<sup>(2)</sup></font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Net<sup>(3)</sup></font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Gross<sup>(2)</sup></font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Net<sup>(3)</sup></font></p>
  </td>
  <td width="1%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:1.0%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="41%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:41.14%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">December&nbsp;31, 2006</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,709</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,507</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">634</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">564</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,343</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,071</font></p>
  </td>
  <td width="1%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:1.0%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="41%" valign="top" style="padding:0in .7pt 0in .7pt;width:41.14%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Revisions of previous estimates</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">103</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">106</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">149</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">105</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">252</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.0%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="41%" valign="top" style="padding:0in .7pt 0in .7pt;width:41.14%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Extensions and discoveries</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0in .7pt 0in .7pt;width:1.0%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="41%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:41.14%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Production</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(74)</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(66)</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(74)</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(66)</font></p>
  </td>
  <td width="1%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:1.0%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="41%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:41.14%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">December&nbsp;31, 2007</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">1,634</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">1,544</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">740</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">713</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2,374</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:2.64%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:7.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2,257</font></b></p>
  </td>
  <td width="1%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:1.0%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
</table>

<h3 align="left" style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h3>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-align:left;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Notes:</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-align:left;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Synthetic crude oil
reserves are based upon a net coker, or synthetic crude oil yield from bitumen
of 78.5% for proved reserves, and 80% for proved plus probable reserves.&#160; The lower yield rate applied to proved reserves
reflects historical operational levels that have fallen below management
expectations. The 80% proved plus probable reserves yield rate reflects a
return to management&#146;s target levels once operational performance issues have
been addressed.</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-align:left;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Our gross mining reserves are
based in part on our current mine plan and estimates of extraction recovery and
upgrading yields, rather than an analysis based on constant dollar or forecast
pricing and cost assumptions.</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-align:left;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(3)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Net mining reserves reflect the
value of Crown, freehold and overriding royalty burdens under constant December&nbsp;31
pricing and incorporates our exercised option to elect to transfer to a bitumen
based Crown royalty effective at the beginning of 2009.&#160; Neither the current proposed Alberta royalty
regime changes, nor our Royalty Amending Agreement have been incorporated.&#160; If enacted, at current oil prices we expect
our future royalty payments to increase and our net reserves to decrease.&#160; Refer to the &#147;Alberta Crown Royalties&#148; risk,
as outlined in the &#147;Risk Factors&#148; section of this AIF.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20</font></p>

</div>
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<br clear="all" style="page-break-before:always;">


<div>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Significant Mining Leases</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="20%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Interest Held</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Description</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross
  Acres</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Expiry Date (4)</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Retention <br>
  Conditions</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Leases:</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7279080T19</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18,541</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7597030T11</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,454</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7280100T25</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">49,365</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7387060T04</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,469</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7279120092</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,600</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7280060T23</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">36,526</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7498050014</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">240</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">May&nbsp;27, 2019</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7405080347</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,693</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aug.&nbsp;24, 2020</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7405030690</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">633</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mar.&nbsp;23, 2020</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7405010854</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22,773</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jan.&nbsp;26, 2020</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7405010853</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22,773</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jan.&nbsp;26, 2020</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7400120007</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22,773</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dec.&nbsp;13, 2015</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7405080346</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,060</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aug.&nbsp;24, 2020</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7401100029</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10,120</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Oct.&nbsp;17, 2016</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Permits:</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7006060389</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8,853</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">May&nbsp;31, 2011</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7006060390</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,897</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">May&nbsp;31, 2011</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7006060391</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,162</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">May&nbsp;31, 2011</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fee Lots:</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,894</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,972</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,967</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,886</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,881</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,483</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n/a</font></p>
  </td>
 </tr>
 <tr>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Total</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.0%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">228,015</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" valign="top" style="padding:0in .7pt 0in .7pt;width:17.12%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.46%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in .7pt 0in .7pt;width:14.0%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;page-break-after:avoid;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1)&#160;&#160;&#160;&#160; These producing leases can be retained indefinitely so long as
agreed minimum levels of production are maintained.</font></p>

<p style="margin:0in 0in .0001pt .25in;page-break-after:avoid;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;page-break-after:avoid;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2)&#160;&#160;&#160;&#160; Annual lease rentals are required to maintain these leases until
the indicated expiry dates for the primary terms of the leases.&#160; Upon application for continuation prior to
the indicated expiry dates, leases can be retained beyond the indicated expiry
dates if they meet the minimum level of evaluation and if:</font></p>

<p style="margin:0in 0in .0001pt .25in;page-break-after:avoid;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)&#160;&#160;&#160;&#160; the leases are in production and sustain
agreed minimum levels of production; or</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)&#160;&#160;&#160; escalating rents are paid.&#160;
Escalating rents start at $7/hectare/year and double every three years
to a maximum of $224/hectare/year.</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;page-break-after:avoid;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3)&#160;&#160;&#160;&#160; Annual rentals are required to maintain these permits until the
indicated expiry dates for the terms of the permits.&#160; Upon application prior to the indicated
expiry dates, a permit can be converted to a 15 year term lease if the minimum
level of evaluation criteria has been met.&#160;
Upon conversion of a permit to a lease, continuation of the resulting
lease is as set out in (2)&nbsp;above.</font></p>

<p style="margin:0in 0in .0001pt .25in;page-break-after:avoid;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;page-break-after:avoid;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4)&#160;&#160;&#160;&#160; There is no undeveloped acreage subject to expiration in each of
the next three years.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21</font></p>

</div>
<!-- ZEQ.=1,SEQ=32,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=635561,FOLIO='21',FILE="DISK125:[08ZAS2.08ZAS76702]6667-2-BC_ZAS76702.CHC",USER="STOTHA",CD='Mar  3 11:33 2008' -->



<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Oil Sands
Mining Operating Statistics</font></b></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following table sets out certain operating
statistics for our Oil Sands mining operations.&#160;
Measurements are averages based on measurement statistics throughout the
year and accordingly, should be read as approximations.&#160; Statistics for the Oil Sands Firebag in-situ
operations are addressed under the heading &#147;Proved Conventional Oil and Gas
Reserves&#148; and &#147;Sales, Production, Well Data, Land Holdings and Drilling
Activity - Conventional&#148;.</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="47%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:47.36%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:9.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:9.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:9.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:9.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:9.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2005</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:47.36%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Total mined volume <sup>(1)<br>
  </sup>millions of tonnes </font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">331.3 </font></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">356.2 </font></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">313.7 </font></p>
  </td>
 </tr>
 <tr>
  <td width="338" valign="top" style="padding:0in 0in 0in 0in;width:253.45pt;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Mined
  volume to tar sands ratio<sup>(1)</sup></font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">40.6%</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">41.8%</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">32.0%</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.36%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Tar
  sands mined</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.36%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">millions
  of tonnes</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">134.4</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">149.0</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">100.5</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.36%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Average
  bitumen grade (weight %)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">12.4%</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">12.8%</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">12.2%</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.36%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Crude bitumen in mined tar sands</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.36%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">millions
  of tonnes</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">16.6</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">19.1</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">12.3</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.36%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Average
  extraction recovery %</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">92.8%</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">93.1%</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">92.6%</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.36%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Crude
  bitumen production</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.36%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">millions
  of cubic meters<sup>(2)</sup></font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">15.4</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">17.6</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">11.4</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.36%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Gross
  synthetic crude oil produced</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in 0in 0in 0in;width:47.36%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Thousands
  of barrels per day<sup>(3)</sup></font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">235.0</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">231.9</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">152.2</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Notes:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Includes
pre-stripping of mine areas and reclamation volumes.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Crude bitumen
production is equal to crude bitumen in mined tar sands multiplied by the
average extraction recovery and the appropriate conversion factor.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(3)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Cubic meters are
converted to barrels at the conversion factor of 6.29.&#160; Bitumen production from Firebag is upgraded
and included in the base operations production.&#160;
Therefore the mining production reported above will no longer agree to the
operating statistics.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22</font></p>

</div>
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<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proved Conventional Oil and Gas Reserves</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
following table is provided on a net basis in accordance with the provisions of
the Financial Accounting Standards Board&#146;s Statement No.&nbsp;69 (Statement
69).&#160; This statement requires disclosure
about conventional oil and gas activities only, and therefore our Oil Sands
mining reserves are excluded, while in-situ Firebag reserves are included.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">NET PROVED
RESERVES<sup>(1)</sup></font></b></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Crude Oil,&#160; Natural Gas Liquids and Natural Gas</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="33%" valign="bottom" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Constant&nbsp;Cost&nbsp;and&nbsp;Pricing&nbsp;as&nbsp;at&nbsp;December&nbsp;31</font></p>
  </td>
  <td width="20%" colspan="2" valign="bottom" style="padding:0in 0in 0in 0in;width:20.84%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Oil&nbsp;Sands<br>
  business:<br>
  Firebag&nbsp;&#150;&nbsp;Crude<br>
  Oil<br>
  (millions&nbsp;of<br>
  barrels&nbsp;of<br>
  bitumen)&nbsp;<sup>(2),(3),(4)</sup></font></b></p>
  </td>
  <td width="17%" colspan="2" valign="bottom" style="padding:0in 0in 0in 0in;width:17.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Natural&nbsp;Gas<br>
  business:<br>
  Crude&nbsp;Oil&nbsp;and<br>
  Natural&nbsp;Gas<br>
  Liquids<br>
  (millions&nbsp;of<br>
  barrels)</font></b></p>
  </td>
  <td width="15%" colspan="2" valign="bottom" style="padding:0in 0in 0in 0in;width:15.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Total<br>
  (millions&nbsp;of<br>
  barrels)</font></b></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Natural&nbsp;Gas<br>
  business:<br>
  Natural&nbsp;Gas<br>
  (billions&nbsp;of<br>
  cubic&nbsp;feet)</font></b></p>
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">December 31, 2004</font></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><sup><font size="1" face="Times New Roman" style="font-size:9.0pt;">(3)</font></sup></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">8</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">8</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">446</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Revisions of
  previous estimates</font></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">639</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">639</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><sup><font size="1" face="Times New Roman" style="font-size:9.0pt;">(5)</font></sup></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">14</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Purchases of
  minerals in place</font></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Extensions and
  discoveries</font></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">40</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Production</font></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(7)</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1)</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(8)</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(50)</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Sales of minerals
  in place</font></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1)</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">December&nbsp;31,
  2005</font></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">632</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">639</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">449</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Revisions of
  previous estimates</font></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(57)</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(57)</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><sup><font size="1" face="Times New Roman" style="font-size:9.0pt;">(5)</font></sup></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">5</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Improved Recovery</font></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">340</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><sup><font size="1" face="Times New Roman" style="font-size:9.0pt;">(6)</font></sup></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">340</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Purchases of
  minerals in place</font></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Extensions and
  discoveries</font></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">26</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Production</font></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(12)</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1)</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(13)</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(53)</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Sales of minerals
  in place</font></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1)</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">December&nbsp;31,
  2006</font></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">903</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">910</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">426</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Revisions of
  previous estimates</font></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">68</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">68</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><sup><font size="1" face="Times New Roman" style="font-size:9.0pt;">(5)</font></sup></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Improved Recovery</font></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">99</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><sup><font size="1" face="Times New Roman" style="font-size:9.0pt;">(6)</font></sup></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">99</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Purchases of
  minerals in place</font></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">19</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Extensions and
  discoveries</font></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">33</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Production</font></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(13)</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1)</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(14)</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(53)</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Sales of minerals
  in place</font></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1)</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">December&nbsp;31,
  2007</font></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,057</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,063</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">428</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Proved Developed</font></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">December&nbsp;31,
  2004</font></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">385</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">December&nbsp;31,
  2005</font></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">137</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">144</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">387</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">December&nbsp;31,
  2006</font></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">188</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">194</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">365</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.76%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">December&nbsp;31,
  2007</font></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">186</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:4.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">192</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">379</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Notes:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Our undivided percentage interest in
reserves, after deducting Crown royalties, freehold royalties and overriding
royalty interests.&#160; Our Firebag leases
are only subject to Crown royalties.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Although we are subject to Canadian
disclosure rules&nbsp;in connection with the reporting of our reserves, we have
received exemptive relief from Canadian securities administrators permitting us
to report our proved reserves in accordance with U.S. disclosure
practices.&#160; See Reliance on Exemptive
Relief on pg 50.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(3)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Estimates of proved reserves from our
Firebag in-situ leases are based on Constant Cost and Pricing assumptions as at
December&nbsp;31.&#160; In 2004, due to
unusually low year-end posted benchmark oil prices, and unusually high year-end
diluent prices, our proved reserves were determined to be uneconomic. Since
2005 we have rebooked our proved reserves, and these continued to be
economically viable through 2007.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(4)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">We have the option of selling the bitumen
production from these leases or upgrading the bitumen to synthetic crude oil.</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23</font></p>

</div>
<!-- ZEQ.=1,SEQ=34,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=450463,FOLIO='23',FILE="DISK125:[08ZAS2.08ZAS76702]6667-2-BE_ZAS76702.CHC",USER="STOTHA",CD='Mar  2 05:34 2008' -->


<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(5)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Natural gas infill drilling included
in total revisions for 2007 was 16 billion cubic feet (bcf), (2006 &#150; 11 bcf;
2005 &#150; 23 bcf).</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(6)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Improved recovery recognizes a
portion of our Firebag Stage 3 expansion project.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All
reserves are located in Canada. There has been no major discovery or other
favourable or adverse event that caused a significant change in estimated
proved reserves since December&nbsp;31, 2007. We do not have long-term supply
agreements or contracts with governments in which we act as producer nor do we
have any interest in oil and gas operations accounted for by the equity method.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Capitalized
Costs Relating to Oil and Gas Activities </font></b><b><sup><font face="Times New Roman" style="font-weight:bold;">(1)</font></sup></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="80%" style="border-collapse:collapse;margin-left:.5in;width:80.0%;">
 <tr>
  <td width="53%" valign="top" style="padding:0in .7pt 0in .7pt;width:53.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:7.32%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="38%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:38.76%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">As at December&nbsp;31,</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in .7pt 0in .7pt;width:53.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:7.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:13.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:53.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">($&nbsp;millions)</font></p>
  </td>
  <td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.32%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:13.8%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:53.92%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:7.32%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:12.08%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:13.8%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:12.88%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in .7pt 0in .7pt;width:53.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:7.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:13.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in .7pt 0in .7pt;width:53.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Proved
  properties</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:7.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4,896</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:13.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3,869</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in .7pt 0in .7pt;width:53.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Unproved
  properties</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:7.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">298</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:13.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">224</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in .7pt 0in .7pt;width:53.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Other
  support facilities and equipment</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:7.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">24</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:13.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">22</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in .7pt 0in .7pt;width:53.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Total
  cost</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:7.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">5,218</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:13.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:12.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4,115</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in .7pt 0in .7pt;width:53.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Accumulated
  depreciation and depletion</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:7.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1,306)</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:13.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1,041)</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in .7pt 0in .7pt;width:53.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Net
  capitalized costs</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:7.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3,912</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:13.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3,074</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Note:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Capitalized costs do not include costs
related to the associated upgrading expansion projects.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Costs
Incurred in Oil and Gas Acquisition, Exploration and Developmental Activities </font></b><b><sup><font face="Times New Roman" style="font-weight:bold;">(1)</font></sup></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.9%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="50%" colspan="5" valign="top" style="padding:0in .7pt 0in .7pt;width:50.92%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">For the years ended December&nbsp;31,</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.1%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:10.2%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:46.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">($&nbsp;millions)</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.9%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.1%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.84%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.62%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2005</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:46.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:2.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.1%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:10.2%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:9.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Property
  acquisition costs</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.84%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.16%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;&nbsp;Proved
  properties</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">140</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.84%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.16%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;&nbsp;Unproved
  properties</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">32</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.84%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">29</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.16%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">9</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Exploration
  costs</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">142</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.84%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">247</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.16%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">148</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Development
  costs</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,459</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.84%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">688</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.16%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">552</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Asset
  retirement obligations</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">30</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.84%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">35</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.16%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Total
  capital and exploration expenditures</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,803</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.84%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">999</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.16%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">714</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Note:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Costs incurred do not include costs
related to associated upgrading expansion projects.</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24</font></p>

</div>
<!-- ZEQ.=1,SEQ=35,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=114696,FOLIO='24',FILE="DISK125:[08ZAS2.08ZAS76702]6667-2-BE_ZAS76702.CHC",USER="STOTHA",CD='Mar  2 05:34 2008' -->


<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Results
of Operations for Oil and Gas Production</font></b></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="50%" colspan="5" valign="top" style="padding:0in .7pt 0in .7pt;width:50.18%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">For the years ended December&nbsp;31,</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.32%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.3%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.14%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">($&nbsp;millions)</font></p>
  </td>
  <td width="2%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.32%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.3%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
  <td width="8%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:8.14%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2005</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:12.3%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:8.14%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Revenues</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.3%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Sales to
  unaffiliated customers</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.32%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">492</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.3%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">516</font></p>
  </td>
  <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">670</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Transfers to
  other operations</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.32%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">431</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.3%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">387</font></p>
  </td>
  <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">52</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.32%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">923</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.3%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">903</font></p>
  </td>
  <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">722</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Expenses</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.32%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:12.3%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Production costs</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.32%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">362</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.3%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">291</font></p>
  </td>
  <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">213</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Depreciation,
  depletion and amortization</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.32%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">264</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.3%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">215</font></p>
  </td>
  <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">145</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Exploration</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.32%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">93</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.3%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">87</font></p>
  </td>
  <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">66</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Gain on disposal
  of assets</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.32%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.3%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(4)</font></p>
  </td>
  <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(12)</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Other related
  costs</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.32%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">47</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.3%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">40</font></p>
  </td>
  <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">39</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.32%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">766</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.3%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">629</font></p>
  </td>
  <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">451</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Operating profit
  before income taxes</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.32%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">157</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:12.3%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">274</font></p>
  </td>
  <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">271</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Related income
  taxes</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.32%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(10)</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.3%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(38)</font></p>
  </td>
  <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(98)</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Results of
  operations</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.32%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">147</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.3%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">236</font></p>
  </td>
  <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">173</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Standardized Measure of Discounted Future Net
Cash Flows from Estimated Production of Proved Oil and Gas Reserves after
Income Taxes</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In computing the standardized measure of
discounted future net cash flows from estimated production of proved oil and
gas reserves after income taxes, assumptions other than those mandated by
Statement 69 could produce substantially different results. We caution against
viewing this information as a forecast of future economic conditions or
revenues, and do not consider it to represent the fair market value of our
Firebag in-situ and Natural Gas properties. Figures are based on our actual
year-end commodity prices.&#160; Readers are
cautioned that commodity prices are volatile.&#160;
To illustrate this volatility, the following table sets out certain
commodity benchmark prices over the past three years:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="59%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:59.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:11.54%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:3.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.58%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:4.82%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2005</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="59%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:59.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Year
  end natural gas price (AECO- $/GJ)</font></p>
  </td>
  <td width="11%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:11.54%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">6.26</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:3.98%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.58%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">7.52</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:4.82%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.68%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">10.22</font></p>
  </td>
 </tr>
 <tr>
  <td width="59%" valign="top" style="padding:0in .7pt 0in .7pt;width:59.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Year
  end crude oil price (WTI US$/bbl)</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.54%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">95.98</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.98%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.58%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">62.09</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.82%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.68%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">59.45</font></p>
  </td>
 </tr>
 <tr>
  <td width="59%" valign="top" style="padding:0in .7pt 0in .7pt;width:59.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Year
  end light/heavy crude oil differential, WTI at Cushing less LLB <br>
  at Hardisty (US$/bbl)</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:11.54%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">41.72</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.98%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:10.58%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">17.99</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.82%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.68%;">
  <p align="right" style="margin:0in .1in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">26.35</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Actual future net cash flows may differ from those
estimated due to, but not limited to, the following:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Production rates
could differ from those estimated both in terms of timing and amount;</p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Future prices
and economic conditions will likely differ from those at year-end;</p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Future
production and development costs will be determined by future events and may
differ from those at year-end;</p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Estimated income
taxes and royalties may differ in terms of amounts and timing due to the above
factors as well as changes in enacted rates, bitumen valuation methodology, and
the impact of future expenditures on unproved properties;</p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The standardized measure of
discounted future net cash flows is determined by using estimated quantities of
proved reserves and taking into account the future periods in which they are
expected to be developed and produced based on year-end economic conditions.
The estimated future production is priced at year-end prices, except that
future gas prices are increased, where applicable, for fixed and determinable
price escalations provided by contract. The resulting estimated future cash inflows
are reduced by estimated future costs to develop and produce the proved
reserves based on year-end cost levels. In addition, we have also deducted
certain other estimated costs deemed necessary to derive the estimated pretax
future net cash flows from the proved reserves including direct general and </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">25</font></p>

</div>
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<br clear="all" style="page-break-before:always;">


<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">administrative costs of
exploration and production operations and estimated cash flows related to asset
retirement obligations. Deducting future income tax expenses then further
reduces the estimated pre-tax future net cash flows. Such income taxes are
determined by applying the appropriate year-end statutory tax rates, with
consideration of future tax rates already legislated, to the future pre-tax
cash flows relating to our proved oil and gas reserves less the tax basis of
the properties involved.&#160; Royalties are
determined based upon the appropriate royalty rates and regimes in effect at
year end for Firebag and Natural Gas production and, in the case of Firebag,
reflects that Firebag is classified as a separate operation for royalty
purposes, as described in our MD&amp;A (see &#147;Oil Sands Crown Royalties and Cash
Income Taxes&#148; in the &#147;Suncor Overview and Strategic Priorities&#148; Section&nbsp;of
our MD&amp;A). The resultant future net cash flows are reduced to present value
amounts by applying the Statement 69 mandated 10% discount factor. The result
is referred to as &#147;Standardized Measure of Discounted Future Net Cash Flows
from Estimated Production of Proved Oil and Gas Reserves after Income Taxes&#148;.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="46%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:46.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">($&nbsp;millions)</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:3.06%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.8%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:11.64%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2005</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:46.92%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:3.06%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:9.8%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:11.64%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:9.14%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="9%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.44%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.64%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Future
  cash flows</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">31,227</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.64%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">32,882</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">16,444</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Future
  production costs</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(15,963)</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.64%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(12,264)</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(10,181)</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Future
  development costs</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(8,002)</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.64%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(5,648)</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1,705)</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Other
  related future costs</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(742)</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in .7pt 0in .7pt;width:11.64%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(612)</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(464)</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Future
  income tax expenses</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(2,203)</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:11.64%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(4,221)</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1,216)</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Subtotal</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4,317</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:11.64%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">10,137</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,878</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">*Discount
  at 10%</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(3,807)</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:11.64%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(6,768)</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1,214)</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Standardized
  measure of discounted future net cash flows from estimated production of
  proved oil and gas reserves after income taxes</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">510</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.8%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:11.64%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3,369</font></p>
  </td>
  <td width="9%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.44%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,664</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Summary
of Changes in the Standardized Measure of Discounted Future Net Cash Flows from
Estimated Production of Proved Oil and Gas Reserves after Income Taxes</font></b></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="60%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:60.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">($&nbsp;millions)</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.72%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.78%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:3.08%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.9%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2005</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:60.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:2.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:2.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:3.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.9%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Balance,
  beginning of year</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3,369</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,664</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.9%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,074</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Sales
  and transfers of oil and gas produced, net of production costs</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(483)</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(559)</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.9%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(456)</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Net
  changes in prices and production costs</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(3,226)</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,907</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.9%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">737</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Changes
  in estimated future development costs</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(2,151)</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1,141)</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.9%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(573)</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Extensions,
  discoveries and improved recovery, less related costs</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">72</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">59</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.9%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">162</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Development
  costs incurred during the period</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,459</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">772</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.9%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">557</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Revisions
  of previous quantity estimates</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(4)</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,051</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.9%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">440</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Purchases
  of reserves in place</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">37</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.9%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Sale
  of reserves in place</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(2)</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(2)</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.9%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(4)</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Accretion of discount</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">472</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">231</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.9%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">125</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Net
  changes in income taxes</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">934</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(714)</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.9%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(470)</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Other
  related costs</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">33</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">101</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.9%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">72</font></p>
  </td>
 </tr>
 <tr>
  <td width="60%" valign="top" style="padding:0in .7pt 0in .7pt;width:60.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Balance,
  end of year</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">510</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3,369</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.9%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,664</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Sales,
Production, Well Data, Land Holdings and Drilling Activity - Conventional</font></b></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following tables set out additional information on
our conventional oil and gas producing activities, including our Firebag
in-situ operation.&#160; Information with
respect to our Oil Sands mining operations is not covered by the information
below but is addressed in the preceding information under &#147;Oil Sands Mining
Operating Statistics&#148;.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">26</font></p>

</div>
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<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Sales Prices</font></i><sup>(1<i>)</i>, (2)</sup></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="72%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:72.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">For the year ended December&nbsp;31,</font></p>
  </td>
  <td width="4%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:4.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007&nbsp;&nbsp;</font></b></p>
  </td>
  <td width="6%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:6.2%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:4.54%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006&nbsp;&nbsp;</font></b></p>
  </td>
  <td width="6%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:6.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.12%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2005&nbsp;&nbsp;&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="72%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:72.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Crude
  Oil and Bitumen ($/bbl)</font></p>
  </td>
  <td width="4%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:4.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">37.67</font></p>
  </td>
  <td width="6%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:6.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:4.54%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">38.94</font></p>
  </td>
  <td width="6%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:6.68%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:5.12%;">
  <p align="right" style="margin:0in .05in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">45.86</font></p>
  </td>
 </tr>
 <tr>
  <td width="72%" valign="top" style="padding:0in .7pt 0in .7pt;width:72.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">NGL
  ($/bbl)</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">53.32</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.54%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">44.96</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.68%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.12%;">
  <p align="right" style="margin:0in .05in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">50.70</font></p>
  </td>
 </tr>
 <tr>
  <td width="72%" valign="top" style="padding:0in .7pt 0in .7pt;width:72.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Natural
  Gas ($/mcf)</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.6%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">6.32</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.54%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">7.15</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.68%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.12%;">
  <p align="right" style="margin:0in .05in .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">8.57</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Notes:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Production is based
in Western Canada.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Prices are
calculated using our undivided percentage interest production before royalties.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Production
Costs</font></i></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="46%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:46.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">For
  the year ended December&nbsp;31,</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2005</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:46.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">($&nbsp;per BOE of gross production)</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:10.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:10.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:46.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Average
  production (lifting) cost of conventional crude oil and gas<sup>(1)</sup></font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">13.63</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">11.92</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">10.86</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Note:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Production (lifting) costs include all expenses
related to the operation and maintenance of producing or producible wells and
related facilities, natural gas plants and gathering systems, and Firebag
central facilities.&#160; It does not include
an estimate for future asset retirement costs. These costs represent a blended
average of our Firebag and Natural Gas lifting costs.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Producing Oil and Gas Wells</font></i></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:33.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">As at
  December&nbsp;31, 2007</font></p>
  </td>
  <td width="20%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:20.44%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Crude Oil<sup>(3)</sup></font></b></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:3.04%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="20%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:20.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Natural Gas</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:3.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="19%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:19.94%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Total</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:33.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">number
  of wells</font></p>
  </td>
  <td width="10%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.02%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:3.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in .7pt 0in .7pt;width:33.58%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.94%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="6%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:6.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Gross<sup>(1)</sup></font></b></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.56%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.44%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Net<sup>(2)</sup></font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><b><i><font size="1" face="Times New Roman" style="font-size:1.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.58%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="6%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:6.4%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Gross<sup>(1)</sup></font></b></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.98%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Net<sup>(2)</sup></font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.76%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="6%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:6.2%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Gross<sup>(1)</sup></font></b></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.86%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.12%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Net<sup>(2)</sup></font></b></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in .7pt 0in .7pt;width:33.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:10.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:10.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:10.02%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in .7pt 0in .7pt;width:33.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Alberta</font></p>
  </td>
  <td width="10%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:10.44%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">71</font></p>
  </td>
  <td width="10%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">56</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">399</font></p>
  </td>
  <td width="10%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:10.02%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">238</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">470</font></p>
  </td>
  <td width="9%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">294</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in .7pt 0in .7pt;width:33.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">British
  Columbia</font></p>
  </td>
  <td width="10%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.44%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">19</font></p>
  </td>
  <td width="10%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">8</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">143</font></p>
  </td>
  <td width="10%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.02%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">65</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">162</font></p>
  </td>
  <td width="9%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">73</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:33.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Total</font></p>
  </td>
  <td width="10%" colspan="2" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.44%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">90</font></p>
  </td>
  <td width="10%" colspan="2" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">64</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="2" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">542</font></p>
  </td>
  <td width="10%" colspan="2" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.02%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">303</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="2" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">632</font></p>
  </td>
  <td width="9%" colspan="2" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:9.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">367</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="251" style="border:none;"></td>
  <td width="29" style="border:none;"></td>
  <td width="49" style="border:none;"></td>
  <td width="34" style="border:none;"></td>
  <td width="41" style="border:none;"></td>
  <td width="23" style="border:none;"></td>
  <td width="27" style="border:none;"></td>
  <td width="48" style="border:none;"></td>
  <td width="37" style="border:none;"></td>
  <td width="38" style="border:none;"></td>
  <td width="22" style="border:none;"></td>
  <td width="28" style="border:none;"></td>
  <td width="46" style="border:none;"></td>
  <td width="36" style="border:none;"></td>
  <td width="38" style="border:none;"></td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Notes:</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Gross wells are the
total number of wells in which an interest is owned.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Net wells are the
sum of fractional interests owned in gross wells.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(3)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Well information
includes Firebag.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">27</font></p>

</div>
<!-- ZEQ.=1,SEQ=38,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=839908,FOLIO='27',FILE="DISK125:[08ZAS2.08ZAS76702]6667-2-BE_ZAS76702.CHC",USER="STOTHA",CD='Mar  2 05:34 2008' -->


<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Oil and
Gas Acreage</font></i></p>

<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:33.82%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">As at
  December&nbsp;31, 2007</font></p>
  </td>
  <td width="10%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:3.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.96%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:3.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:33.82%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(thousands
  of acres)</font></p>
  </td>
  <td width="20%" colspan="6" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:20.02%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Developed</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:3.06%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="20%" colspan="7" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:20.52%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Undeveloped<sup>(1)</sup></font></b></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:3.06%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="19%" colspan="7" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:19.52%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Total</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:33.82%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:2.06%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="6%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:6.38%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Gross<sup>(1)</sup></font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:1.72%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.72%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Net<sup>(2)</sup></font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:1.6%;">
  <p style="margin:0in 0in .0001pt;"><b><sup><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></sup></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.82%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="6%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:6.74%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Gross<sup>(1)</sup></font></b></p>
  </td>
  <td width="1%" colspan="2" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.26%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.82%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.56%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Net<sup>(2)</sup></font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.32%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.28%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="6%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:6.66%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Gross<sup>(1)</sup></font></b></p>
  </td>
  <td width="1%" colspan="2" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.62%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.12%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.64%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Net<sup>(2)</sup></font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.2%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in .7pt 0in .7pt;width:33.82%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Canada</font></p>
  </td>
  <td width="10%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:10.16%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:9.86%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:10.82%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:9.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:9.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in .7pt 0in .7pt;width:33.82%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;&nbsp;Natural Gas</font></p>
  </td>
  <td width="10%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:10.16%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">690</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:9.86%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">410</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:10.82%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,250</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:9.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">680</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:9.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,940</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,090</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in .7pt 0in .7pt;width:33.82%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;&nbsp;Firebag</font></p>
  </td>
  <td width="10%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.16%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.86%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.82%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">287</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">287</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">289</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">289</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in .7pt 0in .7pt;width:33.82%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Total
  Canada</font></p>
  </td>
  <td width="10%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.16%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">692</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.86%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">412</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="4" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.82%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,537</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">967</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="4" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,229</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,379</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in .7pt 0in .7pt;width:33.82%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">USA</font></p>
  </td>
  <td width="10%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:10.16%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:9.86%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:10.82%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:9.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:9.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in .7pt 0in .7pt;width:33.82%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;&nbsp;Natural
  Gas</font></p>
  </td>
  <td width="10%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.16%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.86%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.82%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">46</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">24</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">46</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">24</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in .7pt 0in .7pt;width:33.82%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Total</font></p>
  </td>
  <td width="10%" colspan="3" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.16%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">692</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:9.86%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">412</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" colspan="4" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.82%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,583</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:9.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">991</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.06%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="4" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:9.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,275</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:9.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,403</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="253" style="border:none;"></td>
  <td width="15" style="border:none;"></td>
  <td width="48" style="border:none;"></td>
  <td width="13" style="border:none;"></td>
  <td width="19" style="border:none;"></td>
  <td width="43" style="border:none;"></td>
  <td width="12" style="border:none;"></td>
  <td width="23" style="border:none;"></td>
  <td width="21" style="border:none;"></td>
  <td width="50" style="border:none;"></td>
  <td width="3" style="border:none;"></td>
  <td width="6" style="border:none;"></td>
  <td width="14" style="border:none;"></td>
  <td width="42" style="border:none;"></td>
  <td width="17" style="border:none;"></td>
  <td width="23" style="border:none;"></td>
  <td width="10" style="border:none;"></td>
  <td width="50" style="border:none;"></td>
  <td width="10" style="border:none;"></td>
  <td width="2" style="border:none;"></td>
  <td width="16" style="border:none;"></td>
  <td width="42" style="border:none;"></td>
  <td width="16" style="border:none;"></td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Notes:</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Undeveloped acreage
is considered to be those on which wells have not been drilled or completed to
a point that would permit production of commercial quantities of crude oil and
natural gas regardless of whether or not such acreage contains proved reserves.
Gross acres mean all the acres in which we have either an entire or undivided
percentage interest.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Net acres represent
the acres remaining after deducting the undivided percentage interest of others
from the gross acres.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Drilling
Activity</font></i></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="100%" colspan="8" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">For the
  year ended December&nbsp;31, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width="23%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:23.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(number
  of net wells)</font></p>
  </td>
  <td width="37%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:37.38%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Net Exploratory</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="36%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:36.28%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Net Development</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.46%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Productive</font></b></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.46%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Dry Holes</font></b></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.46%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Total</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Productive</font></b></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Dry Holes</font></b></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Total</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Canada</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.68%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Natural Gas</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.46%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.46%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.46%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">11</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">14</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">15</font></p>
  </td>
 </tr>
 <tr>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.68%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Firebag</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.46%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.46%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.46%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">26</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">26</font></p>
  </td>
 </tr>
 <tr>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">United
  States</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.46%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.46%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.46%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 </tr>
 <tr>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Total</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.46%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">7</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.46%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.46%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">11</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">40</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">41</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
 <tr>
  <td width="722" colspan="8" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:541.4pt;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">For
  the year ended December&nbsp;31, 2006</font></p>
  </td>
 </tr>
 <tr>
  <td width="171" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:128.25pt;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(number
  of net wells)</font></p>
  </td>
  <td width="270" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:202.35pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Net Exploratory</font></b></p>
  </td>
  <td width="19" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:.2in;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="262" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:196.4pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Net Development</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="171" valign="top" style="padding:0in .7pt 0in .7pt;width:128.25pt;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90" valign="top" style="padding:0in .7pt 0in .7pt;width:67.55pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Productive</font></b></p>
  </td>
  <td width="89" valign="top" style="padding:0in .7pt 0in .7pt;width:66.9pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Dry Holes</font></b></p>
  </td>
  <td width="91" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Total</font></b></p>
  </td>
  <td width="19" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.2in;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="87" valign="top" style="padding:0in .7pt 0in .7pt;width:65.45pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Productive</font></b></p>
  </td>
  <td width="87" valign="top" style="padding:0in .7pt 0in .7pt;width:65.45pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Dry Holes</font></b></p>
  </td>
  <td width="87" valign="top" style="padding:0in .7pt 0in .7pt;width:65.5pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Total</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="171" valign="top" style="padding:0in .7pt 0in .7pt;width:128.25pt;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Canada</font></p>
  </td>
  <td width="90" valign="top" style="padding:0in .7pt 0in .7pt;width:67.55pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="89" valign="top" style="padding:0in .7pt 0in .7pt;width:66.9pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="91" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.2in;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="87" valign="top" style="padding:0in .7pt 0in .7pt;width:65.45pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="87" valign="top" style="padding:0in .7pt 0in .7pt;width:65.45pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="87" valign="top" style="padding:0in .7pt 0in .7pt;width:65.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="171" valign="top" style="padding:0in .7pt 0in .7pt;width:128.25pt;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Natural Gas</font></p>
  </td>
  <td width="90" valign="top" style="padding:0in .7pt 0in .7pt;width:67.55pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
  <td width="89" valign="top" style="padding:0in .7pt 0in .7pt;width:66.9pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
  <td width="91" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">9</font></p>
  </td>
  <td width="19" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.2in;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="87" valign="top" style="padding:0in .7pt 0in .7pt;width:65.45pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">14</font></p>
  </td>
  <td width="87" valign="top" style="padding:0in .7pt 0in .7pt;width:65.45pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
  <td width="87" valign="top" style="padding:0in .7pt 0in .7pt;width:65.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">18</font></p>
  </td>
 </tr>
 <tr>
  <td width="171" valign="top" style="padding:0in .7pt 0in .7pt;width:128.25pt;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Firebag</font></p>
  </td>
  <td width="90" valign="top" style="padding:0in .7pt 0in .7pt;width:67.55pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="89" valign="top" style="padding:0in .7pt 0in .7pt;width:66.9pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="91" valign="top" style="padding:0in .7pt 0in .7pt;width:67.9pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="19" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.2in;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="87" valign="top" style="padding:0in .7pt 0in .7pt;width:65.45pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">8</font></p>
  </td>
  <td width="87" valign="top" style="padding:0in .7pt 0in .7pt;width:65.45pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="87" valign="top" style="padding:0in .7pt 0in .7pt;width:65.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">8</font></p>
  </td>
 </tr>
 <tr>
  <td width="171" valign="top" style="padding:0in .7pt 0in .7pt;width:128.25pt;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">United
  States</font></p>
  </td>
  <td width="90" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:67.55pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="89" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:66.9pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="91" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:67.9pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="19" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.2in;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="87" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:65.45pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="87" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:65.45pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="87" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:65.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 </tr>
 <tr>
  <td width="171" valign="top" style="padding:0in .7pt 0in .7pt;width:128.25pt;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Total</font></p>
  </td>
  <td width="90" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:67.55pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
  <td width="89" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:66.9pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">6</font></p>
  </td>
  <td width="91" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:67.9pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">9</font></p>
  </td>
  <td width="19" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.2in;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="87" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:65.45pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">22</font></p>
  </td>
  <td width="87" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:65.45pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
  <td width="87" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:65.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">26</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="100%" colspan="8" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">For
  the year ended December&nbsp;31, 2005</font></p>
  </td>
 </tr>
 <tr>
  <td width="23%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:23.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(number
  of net wells)</font></p>
  </td>
  <td width="37%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:37.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Net Exploratory</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.48%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="36%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:36.28%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Net Development</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Productive</font></b></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Dry Holes</font></b></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Total</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Productive</font></b></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Dry Holes</font></b></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Total</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Canada</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.56%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Natural Gas</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">8</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">11</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">18</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">22</font></p>
  </td>
 </tr>
 <tr>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.56%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Firebag</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">10</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">10</font></p>
  </td>
 </tr>
 <tr>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">United
  States</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 </tr>
 <tr>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.56%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Total</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">8</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.56%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">12</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.48%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">28</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.1%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">32</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">At December&nbsp;31, 2007, we were participating
in the drilling of 28 gross (16 net) exploratory and development wells.</font></p>

<p align="center" style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">&nbsp;</font></b></p>

<p align="right" style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">28</font></b></p>

</div>
<!-- ZEQ.=1,SEQ=39,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=396668,FOLIO='28',FILE="DISK125:[08ZAS2.08ZAS76702]6667-2-BE_ZAS76702.CHC",USER="STOTHA",CD='Mar  2 05:34 2008' -->


<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">&nbsp;</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Future
Commitments to Sell or Deliver Crude Oil and Natural Gas</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We have entered into a number of natural gas sale commitments
aggregating approximately 64 mmcf/day.&#160;
These sales commitments consist of both short-and long-term contracts
ranging from one year and for one agreement, for the life of a specified
production field.&#160; All production comes
from our reserves. All pricing under these agreements is based upon both a
combination of variable, fixed and index-based terms.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As at March&nbsp;4,
2008 crude oil hedges totaling 10,000 bpd of production were outstanding for
the remainder of 2008.&#160; Prices for these
barrels are fixed within a range of US$59.85 to US$101.06 per barrel.&#160; In addition, we have also purchased $60 USD
WTI put options for calendar years 2009 and 2010 for volumes of 55,000
bpd.&#160; We intend to consider additional
costless collars of up to approximately 30% of our crude oil planned production
if strategic opportunities are available. For further particulars of these
arrangements, see the information under the heading &#147;Derivative Financial Instruments&#148;,
under &#147;Risk&#160; Factors Affecting
Performance&#148; in the &#147;Suncor Corporate Overview and Strategic Priorities&#148;
section of our MD&amp;A, and Note 7 to our 2007 Consolidated Financial
Statements, which note is incorporated by reference herein.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">VOLUNTARY OIL SANDS RESERVES AND
RESOURCES DISCLOSURE</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Oil
Sands Mining and Firebag In-Situ Reserves Reconciliation</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following tables set out, on a gross<sup>7</sup>&nbsp;and
net basis, a reconciliation of our proved and probable reserves of synthetic
crude oil from our Oil Sands mining leases and bitumen, converted to synthetic
crude oil for comparison purposes only, from our in-situ Firebag leases, from December&nbsp;31,
2006, to December&nbsp;31, 2007, based on the GLJ Oil Sands Reports.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Estimated Gross Proved and
Probable Oil Sands Reserves Reconciliation</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.84%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="30%" colspan="3" valign="bottom" style="padding:0in .7pt 0in .7pt;width:30.56%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Oil Sands Mining Leases</font></b><b><sup><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(1)(2)</font></sup></b></p>
  </td>
  <td width="34%" colspan="3" valign="bottom" style="padding:0in .7pt 0in .7pt;width:34.32%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Firebag In-situ Leases</font></b><b><sup><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(1)(3)</font></sup></b></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.28%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Total<br>
  Mining and<br>
  In-situ</font></b><b><sup><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(3)</font></sup></b></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.84%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="30%" colspan="3" valign="bottom" style="padding:0in .7pt 0in .7pt;width:30.56%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="34%" colspan="3" valign="bottom" style="padding:0in .7pt 0in .7pt;width:34.32%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.28%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:25.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(millions of barrels of synthetic<br>
  crude oil)<sup>(1)</sup></font></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Proved</font></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Probable</font></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Proved&nbsp;&amp;<br>
  Probable</font></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.68%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Proved</font></b><b><sup><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(3)</font></sup></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Probable</font></b><sup><font size="1" style="font-size:9.0pt;">(3)</font></sup></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.94%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Proved&nbsp;&amp; Probable</font></b></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Proved&nbsp;&amp;<br>
  Probable</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:25.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.2%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:12.94%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">December&nbsp;31, 2006</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,709</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">634</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,343</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.68%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">803</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,907</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.94%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,710</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">5,053</font></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Revisions of previous estimates</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1)</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">106</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">105</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.68%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(17)</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(5)</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.94%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(22)</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">83</font></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Improved recovery</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.68%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">80</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(66)</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.94%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">14</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">14</font></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Extensions and discoveries</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.68%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.94%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Production</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(74)</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(74)</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.68%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(11)</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.94%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(11)</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(85)</font></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">December&nbsp;31, 2007</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,634</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">740</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,374</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.68%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">855</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,836</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.94%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,691</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:9.28%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">5,065</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><sup><font size="1" face="Times New Roman" style="font-size:8.0pt;">7</font></sup><font size="1" style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Suncor&#146;s working interest in
reserves, before deducting Crown royalties, freehold and overriding royalty
interests.</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">29</font></p>

</div>
<!-- ZEQ.=1,SEQ=40,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=620711,FOLIO='29',FILE="DISK125:[08ZAS2.08ZAS76702]6667-2-BE_ZAS76702.CHC",USER="STOTHA",CD='Mar  2 05:34 2008' -->


<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Estimated Net Proved and
Probable Oil Sands Reserves Reconciliation</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" colspan="3" valign="bottom" style="padding:0in .7pt 0in .7pt;width:31.3%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Oil Sands Mining Leases</font></b><b><sup><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(1)(2)</font></sup></b></p>
  </td>
  <td width="30%" colspan="3" valign="bottom" style="padding:0in .7pt 0in .7pt;width:30.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Firebag In-situ Leases</font></b><b><sup><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(1)(3)</font></sup></b></p>
  </td>
  <td width="13%" valign="top" style="padding:0in .7pt 0in .7pt;width:13.42%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Total<br>
  Mining and<br>
  In-situ</font></b><b><sup><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(3)</font></sup></b></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:25.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(millions of barrels of synthetic<br>
  crude oil)<sup>(1)</sup></font></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Proved</font></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Probable</font></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Proved&nbsp;&amp; Probable</font></b></p>
  </td>
  <td width="9%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Proved</font></b><b><sup><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(3)</font></sup></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Probable</font></b><sup><font size="1" style="font-size:9.0pt;">(3)</font></sup></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Proved&nbsp;&amp; Probable</font></b></p>
  </td>
  <td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:13.42%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Proved&nbsp;&amp; Probable</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:25.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.2%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.14%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:13.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">December&nbsp;31, 2006</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,507</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">564</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,071</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">722</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,639</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,361</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in .7pt 0in .7pt;width:13.42%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4,432</font></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Revisions of previous estimates</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">11</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">108</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">119</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(15)</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(7)</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(22)</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in .7pt 0in .7pt;width:13.42%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">97</font></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Improved recovery</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">72</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(60)</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">12</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in .7pt 0in .7pt;width:13.42%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">12</font></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Extensions and discoveries</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in .7pt 0in .7pt;width:13.42%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Production</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(66)</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(66)</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(11)</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(11)</font></p>
  </td>
  <td width="13%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:13.42%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(77)</font></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">December&nbsp;31, 2007</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,452</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.2%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">672</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,124</font></p>
  </td>
  <td width="9%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:9.14%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">768</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.4%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,572</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.62%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,340</font></p>
  </td>
  <td width="13%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:13.42%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4,464</font></p>
  </td>
 </tr>
</table>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Notes:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Synthetic crude oil
reserves are based upon a net coker, or synthetic crude oil yield from bitumen
of 78.5% for proven reserves, and 80% for proved plus probable reserves under
Oil Sands mining leases and 80% for both proved reserves and proved plus
probable reserves for Firebag in-situ leases.&#160;
Virtually all of our bitumen from the Oil Sands mining leases is
upgraded into synthetic crude oil.&#160;
However, we have the option of selling the bitumen produced from our
Firebag in-situ leases directly to the market where strategic opportunities
exist.&#160; Accordingly, these bitumen
reserves are converted to synthetic crude oil for aggregation purposes.</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Our gross mining
reserves are evaluated in part, based on the current mine plan and estimates of
extraction recovery and upgrading yields, rather than an analysis based on
constant dollar or forecast pricing assumptions.&#160; Net mining reserves reflect the relative
value of Crown, freehold and overriding royalty burdens based on 2007 Annual
Average Differential Pricing assumptions in accordance with CSA Staff Notice
51-315 and reflects our exercised option to elect to transfer to a
bitumen-based Crown royalty effective at the beginning of 2009. &#160;Neither the current proposed Alberta royalty
regime changes, nor our Royalty Amending Agreement have been incorporated.</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(3)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Under &#147;Required U.S.
Oil and Gas and Mining Disclosure&#148;, we reported proved reserves from our
Firebag in-situ leases.&#160; The disclosure
in the table above reports proved reserves from these leases and differs in the
following four ways.&#160; Reserves from our
Firebag in-situ leases under our voluntary disclosure:</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; are disclosed on a gross basis as well as the required
net basis under U.S. disclosure requirements;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">are converted from
barrels of bitumen to barrels of synthetic crude oil in this table for
aggregation purposes;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">include proved plus
probable reserves, rather than proved reserves only under U.S. disclosure
requirements.&#160; U.S. companies do not
disclose probable reserves for non-mining properties.&#160; We voluntarily disclose our probable reserves
for Firebag in-situ leases as we believe this information is useful to
investors, and allows us to aggregate our mining and our in-situ reserves into
a consolidated total for our Oil Sands business.&#160; As a result, our Firebag in-situ estimates in
the above tables are not comparable to those made by U.S. companies.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">are evaluated based
on 2007 Annual Average Differential Pricing assumptions, in accordance with CSA
Staff Notice 51-315, versus Constant Cost and Pricing assumptions pursuant to
U.S. disclosure requirements.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Remaining Recoverable Resources</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suncor holds a 100% interest in its oil sands
leases, all located near Fort McMurray in the Athabasca region of
Alberta.&nbsp;Based upon independent evaluations conducted by GLJ effective December&nbsp;31,
2007, our best estimate of remaining recoverable synthetic crude oil resources,
and the components included in the summation, are as follows (billions of
barrels):</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="68%" valign="top" style="padding:0in .7pt 0in .7pt;width:68.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.22%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Mining</font></b></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.22%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">In-Situ</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.82%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="8%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:8.7%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Total</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="68%" valign="top" style="padding:0in .7pt 0in .7pt;width:68.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.82%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:8.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="68%" valign="top" style="padding:0in .7pt 0in .7pt;width:68.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Proved plus probable reserves</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.22%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2.4</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.22%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2.6</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.82%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">5.0</font></p>
  </td>
 </tr>
 <tr>
  <td width="68%" valign="top" style="padding:0in .7pt 0in .7pt;width:68.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Best estimate contingent resources</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.22%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4.2</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.22%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">6.3</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.82%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:8.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">10.5</font></p>
  </td>
 </tr>
 <tr>
  <td width="68%" valign="top" style="padding:0in .7pt 0in .7pt;width:68.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Best estimate remaining recoverable resources</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.22%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">6.6</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.22%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">8.9</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.82%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:8.7%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">15.5</font></p>
  </td>
 </tr>
</table>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Contingent resources are not
classified as reserves due to the absence of a commercial development plan that
includes a firm intent to develop within a reasonable timeframe, and in some
cases </font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">30</font></p>

</div>
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<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">due to higher uncertainty as a result of lower
core-hole drilling density. Our Voyageur South development area, for which we
submitted a regulatory application in 2007, is part of our mining contingent
resources. Significant mining contingent resources are also associated with our
Audet leases, locate north of our Firebag leases and immediately adjacent to
leases proposed for mining development by other operators. All of our in-situ
leases are associated with our Firebag leases. While we consider the contingent
resources to be potentially recoverable under reasonable economic and operating
conditions, there is no certainty that it will be commercially viable to
produce any portion of them.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">SUNCOR EMPLOYEES</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following table shows the distribution of employees
among our three business units and corporate office for the past two years.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="93%" style="border-collapse:collapse;margin-left:33.55pt;width:93.8%;">
 <tr>
  <td width="73%" valign="top" style="padding:0in .7pt 0in .7pt;width:73.98%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="26%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:26.02%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">as at</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign="top" style="padding:0in .7pt 0in .7pt;width:73.98%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="26%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:26.02%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">December&nbsp;31,</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign="top" style="padding:0in .7pt 0in .7pt;width:73.98%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.32%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.18%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.52%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign="top" style="padding:0in .7pt 0in .7pt;width:73.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="12%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:12.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign="top" style="padding:0in .7pt 0in .7pt;width:73.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Oil Sands</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3,612</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3,182</font></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign="top" style="padding:0in .7pt 0in .7pt;width:73.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Natural Gas</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">159</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">170</font></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign="top" style="padding:0in .7pt 0in .7pt;width:73.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Refining&nbsp;&amp; Marketing</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in .7pt 0in .7pt;width:12.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,151</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,068</font></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign="top" style="padding:0in .7pt 0in .7pt;width:73.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Corporate<sup>(2)</sup></font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,543</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,346</font></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign="top" style="padding:0in .7pt 0in .7pt;width:73.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Total <sup>(1)</sup></font></p>
  </td>
  <td width="12%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">6,465</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.18%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:10.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">5,766</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Notes:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-22.5pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">In addition to our employees, we
also use independent contractors to supply a range of services.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-22.5pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-22.5pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Corporate employees includes
employees from our Major Projects group, which supports all three of our
business units.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Communications,
Energy and Paperworkers Union Local 707 represent approximately 2,100 Oil Sands
employees.&#160; A new collective agreement
with the union was entered into effective May&nbsp;1, 2007. The terms of the
agreement include a wage increase of 7% in the first year and 6% in each of the
following two years, as well as an initial lump sum payment.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Employee associations
represent approximately 220 of R&amp;M - Canada&#146;s Sarnia refinery, London
terminal and Sun-Canadian Pipe Line Company employees.&#160; During 2005, a three year agreement was
signed with the Sarnia employee association that will be renegotiated in
2008.&#160; During 2006, a three year
agreement was signed with the CAW at the London terminal that will continue
year after year unless either party provides written notice at least 30 days prior
to the expiry date of the agreement of their intent to terminate or negotiate
revisions.&#160; Management believes the
agreement will be renegotiated on its anniversary.&#160; The agreement with the employee association
of Sun-Canadian Pipe Line Company was signed in 1993, and it is renewed
automatically each year unless terminated by written notice by either party at
least 60 days prior to the anniversary date of the agreement.&#160; No notice under such agreement has been
received or given to date.&#160; Management
believes the agreement will be automatically renewed on its anniversary.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The United Steel Workers
(USW) union represents approximately 218 employees at R&amp;M&#146;s Denver refining
facilities.&#160; In February&nbsp;2006, the
union voted to merge all workers into a single collective bargaining
agreement.&#160;&#160; The merged contract became
effective in March&nbsp;2006 and will expire in January&nbsp;2009.</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">31</font></p>

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<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">RISK FACTORS</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As a company, we identify risks
in four principal categories: 1) Operational; 2) Financial; 3) Legal and
Regulatory; and 4) Strategic. These categories are defined below, and
identified risks have been classified accordingly.&#160; Please note, identified risks could relate to
multiple risk categories; we have classified risks based on the primary
category to which they apply to Suncor.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
are continually working to mitigate the impact of potential risks to our
business.&#160; This process includes an
entity-wide risk review.&#160; The internal
review is completed annually to help ensure that all significant risks are
identified and appropriately managed.&#160;
Risks appear in no particular order below:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1)</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Operational
Risks &#150; Risks that <i>directly</i> affect
our ability to continue normal operations within our identified businesses.</font></b></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Confidentiality</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.&#160;
</font></i><font size="2" style="font-size:10.0pt;">Breach of confidentiality could place us at competitive risk if
confidential operational information or proprietary intellectual property was
improperly disclosed.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Operating Hazards and Other Uncertainties</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.&#160; </font></i><font size="2" style="font-size:10.0pt;">Each of our three principal
operating businesses, Oil Sands, NG, and R&amp;M require high levels of
investment and have particular economic risks and opportunities.&#160; Generally, our operations are subject to
hazards and risks such as fires, explosions, gaseous leaks, migration of
harmful substances, blowouts, power outages and oil spills, any of which can
cause personal injury, damage to property, IT systems and related data and
control systems, equipment and the environment, as well as interrupt
operations.&#160; In addition, all of our
operations are subject to all of the risks normally incident to transporting,
processing and storing crude oil, natural gas and other related products.&#160; Risks associated with access to skilled labour
to support our operations in a safe and effective manner are also discussed in &#147;Labour
and Materials Supply&#148;, below.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">At
Oil Sands, mining oil sands and producing bitumen through in-situ methods,
extracting bitumen from the oil sands, and upgrading bitumen into synthetic
crude oil and other products involves particular risks and uncertainties.&#160; Oil Sands is susceptible to loss of
production, slowdowns, shutdowns, or restrictions on our ability to produce
higher value products due to the interdependence of its component systems. <b>&#160;&#160;</b>Severe climatic
conditions at Oil Sands can cause reduced production during the winter season
and in some situations can result in higher costs.&#160; While there is virtually no finding costs
associated with oil sands resources, delineation of the resources, the costs
associated with production, including mine development and drilling wells for
SAGD operations, and the costs associated with upgrading bitumen into synthetic
crude oil can entail significant capital outlays.&#160; The costs associated with production at Oil
Sands are largely fixed in the short term and, as a result, operating costs per
unit are largely dependent on levels of production.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">There
are risks and uncertainties associated with NG&#146;s operations, including all of
the risks normally incident to drilling for natural gas wells, the operation
and development of such properties, including encountering unexpected
formations or pressures, premature declines of reservoirs, fires, blow-outs,
equipment failures and other accidents, sour gas releases, uncontrollable flows
of crude oil, natural gas or well fluids, adverse weather conditions, pollution
and other environmental risks.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our
downstream business is subject to all of the risks normally inherent in the
operation of a refinery, terminals, pipelines and other distribution facilities
as well as service stations, including loss of product, slowdowns due to
equipment failures, unavailability of feedstock, price and quality of feedstock
or other accidents.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
are also subject to operational risks such as sabotage, terrorism, trespass,
related damage to remote facilities, theft and malicious software or network
attacks.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Major Projects</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.&#160; </font></i><font size="2" style="font-size:10.0pt;">There are certain
risks associated with the execution of our major projects, including without
limitation, the new coker unit and the Voyageur growth strategy.&#160; These risks include: our ability to obtain
the necessary environmental and other regulatory approvals; risks relating to
schedule, resources and costs, including the availability and cost of
materials, equipment and qualified personnel; the impact </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">32</font></p>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">of
general economic, business and market conditions; the impact of weather
conditions; our ability to finance growth if commodity prices were to decline
and stay at low levels for an extended period; and the effect of changing
government regulation and public expectations in relation to the impact of oil
sands development on the environment.&#160;
The commissioning and integration of new facilities with the existing
asset base could cause delays in achieving targets and objectives.&#160; Management believes the execution of major
projects presents issues that require prudent risk management.&#160; There are also risks associated with project
cost estimates provided by us. S</font><font size="2" style="font-size:10.0pt;">ome cost estimates are provided at the conceptual
stage of projects and prior to commencement or completion of the final scope
design and detailed engineering needed to reduce the margin of error.&#160; Accordingly, actual costs can vary from estimates
and these differences can be material.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cost estimates for major
projects involve uncertainties and evolve in stages.&#160; For a discussion of our significant capital
projects in progress, see page&nbsp;18 of our MD&amp;A, incorporated by
reference herein.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Insurance.</font></u></i><font size="2" style="font-size:10.0pt;">&#160; Although
we maintain a risk management program, which includes an insurance component,
such insurance may not provide adequate coverage in all circumstances, nor are
all such risks insurable.&#160; Losses beyond
the scope of insurance could have a material adverse impact on the
company.&#160; In late 2005 we formed a
self-insurance entity to provide additional business interruption coverage for
potential losses.&#160; In 2006, one of our
external business interruption service providers discontinued operations.&#160; We continue to evaluate options to replace
this coverage.&#160; Refer to note 11 to our
2007 Consolidated Financial Statements, which is incorporated by reference
herein, for further description of our insurance coverage.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In December&nbsp;2006,
insurers impacted by the January&nbsp;4, 2005 fire at Oil Sands filed a
statement of claim against various parties alleged to be potentially
responsible, seeking to recover amounts paid to Suncor under our insurance
contract.&#160; As required by our insurance
contract, we are named as Plaintiff.&#160;
However, the action will not have an impact on the insurance settlements
we have already reached with our insurers or on our future revenues.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2)</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Financial
Risks &#150; Risks that affect the compilation, reporting and accuracy of financial
results.</font></b></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Uncertainty of Reserve Estimates</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.&#160;&#160; </font></i><font size="2" style="font-size:10.0pt;">The reserves estimates for our
Oil Sands and NG business units included in this AIF represent estimates
only.&#160; There are numerous uncertainties
inherent in estimating quantities and quality of these proved and probable reserves
and resources, including many factors beyond our control.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In general, estimates of economically recoverable
reserves are based upon a number of variable factors and assumptions, such as
historical production from the properties, the assumed effect of regulation by
governmental agencies, pricing assumptions, future royalties and future
operating costs, yield rates for production of synthetic crude oil from
bitumen, all of which may vary considerably from actual results.&#160; The accuracy of any reserve estimate is a
matter of engineering interpretation and judgment and is a function of the
quality and quantity of available data, which may have been gathered over
time.&#160; In the Oil Sands business unit,
reserve and resource estimates are based upon a geological assessment,
including drilling and laboratory tests, and also consider current production
capacity and upgrading yields, current mine plans, operating life and
regulatory constraints.&#160; The Firebag
reserves and resource estimates are based upon a geological assessment of data
gathered from evaluation drilling, the testing of core samples and seismic
operations and demonstrated commercial success of the in-situ process.&#160; Our actual production, revenues, royalties,
taxes and development and operating expenditures with respect to our reserves
will vary from such estimates, and such variances could be material.&#160; Production performance subsequent to the date
of the estimate may justify revision, either upward or downward, if
material.&#160; For these reasons, estimates
of the economically recoverable reserves attributable to any particular group
of properties, and classification of such reserves based on risk of recovery,
prepared by different engineers or by the same engineers at different times,
may vary substantially.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Volatility of Crude Oil and Natural Gas Prices</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.&#160; </font></i><font size="2" style="font-size:10.0pt;">Our future financial performance
is closely linked to crude oil prices, and to a lesser extent, natural gas
prices.&#160; The prices of these commodities
can be influenced </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">33</font></p>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">by
global and regional supply and demand factors.&#160;
Worldwide economic growth, political developments, compliance or
non-compliance with quotas imposed upon members of the Organization of the
Petroleum Exporting Countries and weather, among other things, can affect world
oil supply and demand.&#160; Our natural gas
price realizations are affected primarily by North American supply and demand
and by prices of alternate sources of energy.&#160;
All of these factors are beyond our control and can result in a high
degree of price volatility not only in crude oil and natural gas prices, but
also fluctuating price differentials between heavy and light grades of crude
oil, which can impact prices for sour crude oil and bitumen.&#160; Oil and natural gas prices have fluctuated
widely in recent years and we expect continued volatility and uncertainty in
crude oil and natural gas prices.&#160; A
prolonged period of low crude oil and natural gas prices could affect the value
of our crude oil and gas properties and the level of spending on growth
projects, and could result in curtailment of production on some
properties.&#160; Accordingly, low crude oil
prices in particular could have an adverse impact on our financial condition
and liquidity and results of operations. A key component of our business
strategy is to produce sufficient natural gas to meet or exceed internal
demands for natural gas purchased for consumption in our operations, creating a
</font><font size="2" style="font-size:10.0pt;">price hedge which
reduces our exposure to gas price volatility. However, there are no assurances
that we will be able to continue to increase production to keep pace with
growing internal natural gas demands.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under our strategic crude oil hedging program,
management has approval to fix a price or range of prices for approximately 30%
of our total crude oil planned production for specified periods of time.&#160; </font><font size="2" style="font-size:10.0pt;">As at March&nbsp;4, 2008, we had crude oil hedges
totaling 10,000 bpd of crude oil for production in 2008.&#160; Prices for these barrels are fixed within a
range from an average of US$59.85/bbl up to an average of US$101.06/bbl.&#160; In addition, we have also purchased $60 USD
WTI put options for calendar years 2009 and 2010 for volumes of 55,000
bpd.&#160; We intend to consider additional
strategic hedging opportunities as they become available.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
conduct an assessment of the carrying value of our assets to the extent
required by Canadian generally accepted accounting principles.&#160; If crude oil and natural gas prices decline,
the carrying value of our assets could be subject to downward revisions, and
our earnings could be adversely affected.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Volatility of Downstream Margins</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.&#160; </font></i><font size="2" style="font-size:10.0pt;">Our downstream business is
sensitive to wholesale and retail margins for its refined products, including
gasoline, and asphalt. Margin volatility is influenced by overall marketplace
competitiveness, weather, the cost of crude oil (see &#147;Volatility of Crude Oil
and Natural Gas Prices&#148;) and fluctuations in supply and demand for refined
products.&#160; We expect that margin and
price volatility and overall marketplace competitiveness, including the
potential for new market entrants, will continue.&#160; As a result, our operating results for
R&amp;M can be expected to fluctuate and may be adversely affected.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the Western Canadian diesel fuel market,
demand and supply can fluctuate.&#160; Margins
for diesel fuel are typically higher than the margins for synthetic and
conventional crude oil.&#160; The below noted
expansion plans of our competitors could result in an increase in the supply of
diesel fuel and weaken margins.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Energy Trading Activities</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.&#160;
</font></i><font size="2" style="font-size:10.0pt;">The nature
of trading activities creates exposure to financial risks.&#160; These include risks that movements in prices
or values will result in a financial loss to the company; a lack of
counterparties will leave us unable to liquidate or offset a position, or
unable to do so at or near the previous market price; we will not receive funds
or instruments from our counterparty at the expected time; the counterparty
will fail to perform an obligation owed to us;&#160;
we will suffer a loss as a result of human error or deficiency in our
systems or controls;&#160; or we will suffer a
loss as a result of contracts being unenforceable or transactions being
inadequately documented.&#160; A separate risk
management function within the company develops and monitors practices and
policies and provides independent verification and valuation of our trading and
marketing activities.&#160; However, we may
experience significant financial losses as a result of these risks.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Exchange Rate Fluctuations</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.&#160;
</font></i><font size="2" style="font-size:10.0pt;">Our 2007 Consolidated Financial Statements are presented in Canadian
dollars.&#160; Results of operations are
affected by the exchange rates between the Canadian dollar and the U.S.
dollar.&#160; These exchange rates have varied
substantially in the last five years.&#160; A
substantial portion of our revenue is received by reference to U.S. dollar
denominated prices and a significant portion of our debt is denominated in U.S.
dollars.&#160; Crude oil and natural gas
prices are generally based in U.S. dollars, </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">34</font></p>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">while a portion of our sales of refined products are in
Canadian dollars.&#160; In addition, we have
subsidiary operations that are denominated in U.S. dollars, translated to
Canadian dollars using the current rate approach, whereby revenues and expenses
are recorded at the exchange rate at the time the transaction occurs, and
assets and liabilities are translated at the exchange rate at the balance sheet
date.&#160; Therefore, fluctuations in
exchange rates between the U.S. and Canadian dollar may give rise to foreign
currency exposure, either favorable or unfavorable, creating another element of
uncertainty.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h4 style="font-style:italic;font-weight:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Interest Rate Risk</font></u></i><font size="2" style="font-size:10.0pt;">.&#160; </font><font size="2" style="font-size:10.0pt;font-style:normal;">We are exposed to
fluctuations in short-term Canadian interest rates as a result of the use of
floating rate debt.&#160; We maintain a
substantial portion of our debt capacity in revolving, floating rate bank
facilities and commercial paper, with the remainder issued in fixed rate
borrowings.&#160; To minimize our exposure to
interest rate fluctuations, we occasionally enter into interest rate swap
agreements and exchange contracts to either effectively fix the interest rate
on floating rate debt or to float the interest rate on fixed rate debt.&#160; For more details, see the &#147;Liquidity and
Capital Resources&#148; section of our MD&amp;A.</font></h4>

<h4 align="left" style="font-style:italic;font-weight:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></i></h4>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3)</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Legal and
Regulatory Risks &#150; Risks that affect our ability to comply with regulatory and
statutory requirements under applicable law.</font></b></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Environmental
Regulation and Risk</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.</font></i><font size="2" style="font-size:10.0pt;">&#160; Environmental regulation affects nearly all
aspects of our operations.&#160; These
regulatory regimes are laws of general application that apply to us in the same
manner as they apply to other companies and enterprises in the energy
industry.&#160; The regulatory regimes require
us to obtain operating licenses and permits in order to operate, and impose
certain standards and controls on activities relating to mining, oil and gas
exploration, development and production, and the refining, distribution and
marketing of petroleum products and petrochemicals.&#160; Environmental assessments and regulatory
approvals are required before initiating most new major projects or undertaking
significant changes to existing operations.&#160;
In addition to these specific, known requirements, we expect future
changes to environmental legislation, including anticipated legislation for air
pollution (Criteria Air Contaminants) and greenhouse gases, that will impose
further requirements on companies operating in the energy industry.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Some of the issues that
are or may in future be subject to environmental regulation include:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">the possible cumulative
  impacts of oil sands development in the Athabasca region and the province;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">storage, treatment, and
  disposal of hazardous or industrial waste;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">the need to reduce or
  stabilize various emissions to air and withdrawals of and discharges to
  water;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">issues relating to
  global climate change, land reclamation and restoration;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">issues relating to the
  manufacture or use of certain substances;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">reformulated gasoline
  to support lower vehicle emissions.</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Changes in environmental
regulation could have an adverse effect on us from the standpoint of product
demand, product reformulation and quality, methods of production and
distribution costs, and financial results.&#160;
For example, requirements for cleaner-burning fuels could cause
additional costs to be incurred, which may or may not be recoverable in the
marketplace.&#160; The complexity and breadth
of these issues make it extremely difficult to predict their future impact on
us.&#160; Management anticipates capital
expenditures and operating expenses could increase in the future as a result of
the implementation of new and increasingly stringent environmental
regulations.&#160; Compliance with
environmental regulation can require significant expenditures and failure to
comply with environmental regulation may result in the imposition of fines and
penalties, liability for clean up costs and damages and the loss of important
permits.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">35</font></p>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suncor is making progress
to address challenges at its in-situ operation, where high emissions have
resulted in intervention by both Alberta Environment and the Alberta Energy and
Utilities Board. Until regulators can be assured emissions are stable at
compliant levels, production at the in-situ operation has been capped at approximately
42,000 barrels of bitumen per day. As a result, commissioning of units to
increase the bitumen production capacity of Firebag Stages 1 and 2 by about 35%
will be delayed. Suncor&#146;s revised outlook reflects this constraint.&#160; However, unexpected problems in connection
with installation of emission abatement equipment, or unanticipated changes to
permits or changes to regulatory requirements may adversely affect our plans
for increasing bitumen production capacity of Firebag.&#160; Furthermore, we may be subject to further
regulatory enforcement action, which may in turn, have an adverse effect on our
business.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To mitigate the impact to
production, we are examining ways to increase bitumen supply from our mining
operations. We are also accelerating the construction of emission abatement
equipment, which will result in additional maintenance and capital costs being
incurred.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In December&nbsp;2007,
high emissions at our base plant resulted in an order being issued by Alberta
Environment.&#160; Emissions at the oil sands plant
exceeded air quality standards, and accordingly we are upgrading our emission
control equipment and reducing discharges to the tailings ponds.&#160; In addition, we have introduced processing
changes and are undertaking a more comprehensive monitoring program.&#160; However, unexpected problems in connection
with upgrading our emission control equipment or introducing process changes,
or unanticipated changes to permits or changes to regulatory requirements may
adversely affect our plans for decreasing emissions at base plant.&#160; Any such unexpected problems may lead to
further regulatory enforcement action, which may in turn, have an adverse
effect on our business.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For Suncor&#146;s Oil Sands
mining leases 86 and 17, we are required to and have posted annually with Alberta
Environment an irrevocable letter of credit equal to $0.03 per bbl of crude oil
produced as of December&nbsp;31, 2006 ($14 million as at December&nbsp;31,
2006) as security for the estimated cost of our reclamation activity.&#160; Since there was no production from Leases
86/17 in 2006 or 2007, the amount of security remains unchanged.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For the Millennium, Steepbank,
and North Steepbank mines, we have posted irrevocable letters of credit equal
to approximately $227 million with Alberta Environment, representing security
for the maximum reclamation liability in the period April&nbsp;1, 2007 through March&nbsp;31,
2008.&#160; For more information about our
reclamation and environmental remediation obligations, refer to &#147;Tailings
Management&#148; under &#147;Risk Factors Affecting Performance&#148; and&#160; &#147;Asset Retirement Obligations&#148; under &#147;Critical
Accounting Estimates&#148; in our MD&amp;A.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A new Mine Liability
Management Program (MLMP) is under review by the Province of Alberta.&#160; The MLMP would involve increased reporting of
progressive reclamation, measurement of MLMP assets against MLMP liabilities
and measurement of reserve life. Partial security could be required if
reclamation targets are not met and full security may eventually be required.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Over the past few years
legislation has been passed in Canada and the United States to reduce allowable
levels of sulphur in transportation fuels.&#160;
For a discussion of projects completed at our R&amp;M operations, see
the information under the R&amp;M section of &#147;Narrative Description of the
Business&#148;, in this AIF.&#160; Projects to
retrofit existing facilities to comply with these standards are subject to all
risks inherent in large capital projects, and to the additional risk that
failure to meet legislated deadlines could have a material impact on the
Company&#146;s ability to market its products, or subject the Company to fines and
penalties potentially having a material impact on revenues and earnings.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The R&amp;M U.S.
operations is subject to Consent Decrees with the United States Environmental
Protection Agency, the United States Department of Justice and the State of
Colorado.&#160;&#160; For a discussion of these
consent decrees and the related obligations, see the information under the
R&amp;M section of &#147;Three Year History&#148; in this AIF.&#160; The Company is subject to the risk that
failure to meet remaining obligations or the deadlines under these Consent
Decrees could have a material impact on the Company&#146;s ability to market its
products, potentially having a material impact on revenues and earnings.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, our business
could be affected by the potential for lawsuits against greenhouse gas
emitters, based on links drawn between greenhouse gas emissions and climate
change.</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">36</font></p>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Governmental Regulation</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.&#160;
</font></i><font size="2" style="font-size:10.0pt;">The oil
and gas industry in Canada and the United States, including the oil sands
industry and our downstream segments, operates under federal, provincial, state
and municipal legislation.&#160; This industry
is also subject to regulation and intervention by governments in such matters
as land tenure, royalties, taxes (including income taxes), government fees,
production rates, environmental protection controls, the reduction of
greenhouse gas and other emissions, the export of crude oil, natural gas and
other products, the awarding or acquisition of exploration and production, oil
sands or other interests, the imposition of specific drilling obligations,
control over the development and abandonment of fields and mine sites
(including restrictions on production) and possibly expropriation or cancellation
of contract rights.&#160; Before proceeding
with most major projects, including significant changes to existing operations,
we must obtain regulatory approvals.&#160; The
regulatory approval process can involve stakeholder consultation, environmental
impact assessments and public hearings, among other things.&#160; In addition, regulatory approvals may be
subject to conditions including security deposit obligations and other
commitments.&#160; Failure to obtain
regulatory approvals, or failure to obtain them on a timely basis on
satisfactory terms, could result in delays, abandonment or restructuring of
projects and increased costs, all of which could negatively affect future
earnings and cash flow.&#160; Such regulations
may be changed from time to time in response to economic or political
conditions.&#160; The implementation of new
regulations or the modification of existing regulations affecting the crude oil
and natural gas industry could reduce demand for crude oil and natural gas,
increase our costs and have a material adverse effect on our financial
condition<b>.</b></font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Land Claims</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.</font></i><font size="2" style="font-size:10.0pt;">&#160;
First Nations peoples have claimed aboriginal title and rights to a
substantial portion of Western Canada. In addition, First Nations peoples have
filed claims against industry participants generally, relating in part to land
claims which may affect our Natural Gas business. We are unable to assess the
effect, if any, these or other claims, may have on our Oil Sands or other
operations.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Alberta Crown Royalties</font></u></i><font size="2" style="font-size:10.0pt;">.&#160; The following risk factors could cause
royalty expenses to differ materially from current estimates and impact the
royalties payable to the Crown:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Pursuant to the new
royalty framework, the government intends to establish a permanent generic &#147;bitumen
valuation methodology&#148; (BVM) for determining the &#147;R&#148; related to bitumen.&#160; The Crown is consulting with stakeholders and
independent advisors with a decision on the methodology anticipated by June&nbsp;30,
2008 and final determination of such methodology may have an impact on
royalties payable to the Crown.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The government also
announced its intention to assess and recommend improvements in the system,
structures and resources supporting the collection, verification and reporting
of provincial royalties.&#160; This assessment
is expected to be completed by March&nbsp;31, 2008 and steps taken by the
government thereafter may affect the calculation of royalties; and</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Changes in crude
oil and natural gas pricing, production volumes, foreign exchange rates, and
capital and operating costs for each oil sands project; changes to the Generic
Regime by the Government of Alberta; changes in other legislation; and the
occurrence of unexpected events.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">4)</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Strategic
Risks &#150; Risks that affect our ability to meet long term goals and planning
initiatives.</font></b></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Interdependence of Oil Sands Systems</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.</font></i><font size="2" style="font-size:10.0pt;"> The Oil Sands
plant is susceptible to loss of production due to the interdependence of its
component systems. </font><font size="2" style="font-size:10.0pt;">Through
growth projects, we expect to further mitigate adverse impacts of
interdependent systems and to reduce the production and cash flow impacts of
complete plant-wide shutdowns.&#160; For
example, we added a second upgrader which provides us with the </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">37</font></p>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">flexibility to conduct
periodic plant maintenance on one operation while continuing production and
cash flow generation from the other.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Dependence on Oil Sands Business</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.</font></i><font size="2" style="font-size:10.0pt;">&#160; The Company&#146;s significant capital commitment
to further our growth projects at Oil Sands, including Voyageur, may require us
to forego investment opportunities in other segments of our operations.&#160; The completion of future projects to increase
production at Oil Sands will further<b>  </b>increase our
dependence on the Oil Sands segment of our business.&#160; For example, in 2007</font><font size="2" style="font-size:10.0pt;">, the Oil Sands business accounted for
approximately 87% (88% in 2006) of
our upstream production, 87% (89% in
2006) of our net earnings and 79% (84%
in 2006) of our cash flow from operations.
These percentages have been determined excluding the corporate and eliminations
segment information.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Need to Replace Conventional
Natural Gas Reserves</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.&#160; </font></i><font size="2" style="font-size:10.0pt;">Future natural gas
reserves and production of the Company&#146;s NG business unit are highly dependent
on our success in discovering or acquiring additional reserves and exploiting
our current reserve base.&#160; This impacts
our ability to maintain a price hedge against the growing consumption of
natural gas in our operations.&#160; Without
natural gas reserve additions through exploration and development or
acquisition activities, our conventional natural gas reserves and production
will decline over time as reserves are depleted.&#160; For example, in 2007, our average natural gas
reservoir decline rate was approximately 24% (2006 &#150; 24%).&#160; Decline rates will vary with the nature of
the reservoir, life-cycle of the well and other factors.&#160; Therefore, historical decline rates are not
necessarily indicative of future performance.&#160;
Exploring for, developing and acquiring reserves is highly capital
intensive.&#160; To the extent cash flow from
operations</font><sup><font size="1" style="font-size:8.0pt;">8</font></sup><font size="2" style="font-size:10.0pt;">&nbsp;is unable to
generate sufficient capital and external sources of capital become limited or
unavailable, our ability to make the necessary capital investments to maintain
and expand our conventional natural gas reserves could be impaired.&#160; In addition, the long term performance of the
NG business is dependent on our ability to consistently and competitively find
and develop low cost, high-quality reserves that can be economically brought on
stream.&#160; Market demand for land and
services can also increase or decrease finding and development costs.&#160; There can be no assurance that we will be
able to find and develop or acquire additional reserves to replace production
at acceptable costs.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Competition</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.&#160; </font></i><font size="2" style="font-size:10.0pt;">The petroleum
industry is highly competitive in all aspects, including the exploration for,
and the development of, new sources of supply, the acquisition of crude oil and
natural gas interests and the refining, distribution and marketing of petroleum
products and chemicals.&#160; We compete in
virtually every aspect of our business with other energy companies.&#160; The petroleum industry also competes with
other industries in supplying energy, fuel and related products to
consumers.&#160; We believe the competition
for our crude oil production is other North American conventional and synthetic
sweet and sour crude oil producers.&#160; With
current expansion plans, there are risks associated with the delivery of our
products to market.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A
number of other companies have entered or have indicated they are planning to
enter the oil sands business and begin production of bitumen and synthetic
crude oil or expand their existing operations.&#160;
It is difficult to assess the number, level of production and ultimate
timing of all of the potential new projects or where existing production levels
may increase.&#160; Based on management&#146;s
knowledge of other projects derived from publicly available information, Canada&#146;s
production of bitumen and upgraded synthetic crude oil could increase from
approximately one million bpd in 2004 to approximately two million bpd by 2010</font><sup><font size="1" style="font-size:8.0pt;">9</font></sup><font size="2" style="font-size:10.0pt;">. Increasing industry consolidation, a global focus on
oil sands and additional competitors with financial capacity has: i) materially
increased the supply of bitumen and synthetic crude oil and other competing
crude oil products in the marketplace; ii) exponentially increased land values
and availability of new leases; and iii) placed stress on the availability and
cost of all resources required to run the Oil Sands operation.&#160; If we are unable to transport our produced
crude oil products, production levels may be adversely affected.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Historically,
the industry-wide oversupply of refined petroleum products and the
overabundance of retail outlets have kept downward pressure on downstream
refining and retail margins.&#160; Management
expects that fluctuations in demand for refined products, margin volatility and
overall marketplace competitiveness </font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>

<p style="margin:0in 0in .0001pt;"><sup><font size="1" face="Times New Roman" style="font-size:8.0pt;">8</font></sup><font size="1" style="font-size:8.0pt;">&nbsp;Refer to &#147;Non
GAAP Financial Measures&#148; on page&nbsp;ix of this AIF.</font></p>

<p style="margin:0in 0in .0001pt;"><sup><font size="1" face="Times New Roman" style="font-size:8.0pt;">9</font></sup><font size="1" style="font-size:8.0pt;">&nbsp;Alberta
Government &#150; Talk About Oil Sands</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">38</font></p>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">will
continue.&#160; In addition, to the extent
that our downstream business unit participates in new product markets, it could
be exposed to margin risk and volatility from either cost and/or selling price
fluctuations.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Labour and Materials Supply</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.&#160; </font></i><font size="2" style="font-size:10.0pt;">With the expansion of the
industry and the impact of new entrants to the business, risks in the form of
availability of/competition for skilled labour and materials supply continue to
build.&#160; Although these risks are not
exclusive to our Oil Sands operation, the increased demands on the Fort
McMurray, Alberta infrastructure (for example, housing, roads, medical facilities,
and schools) and a commuting workforce have heightened concerns.&#160; Our ability to operate safely and effectively
and complete major projects on time and on budget is significantly impacted by
these risks.&#160; Risks associated with
completion of significant capital projects are discussed in &#147;Major Projects&#148;
above.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Pipeline Capacity Constraints</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.&#160;
</font></i><font size="2" style="font-size:10.0pt;">With our current expansion plans, combined with several other major
capital initiatives scheduled by others in the industry, there are increasing
risks associated with pipeline capacity and infrastructure which may negatively
affect our sales mix and production levels.&#160;
This is already evident in the timing and method of delivery of our
crude oil products to market, as well as our ability to produce at capacity
levels in our NG business.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Technology Risk</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.</font></i><font size="2" style="font-size:10.0pt;"> There are risks associated with
growth and other capital projects that rely largely or partly on new
technologies and the incorporation of such technologies into new or existing
operations.&#160; The success of projects incorporating
new technologies, such as in-situ technology, cannot be assured.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">In-situ Extraction</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.</font></i><font size="2" style="font-size:10.0pt;">  </font><font size="2" style="font-size:10.0pt;">&#160;Current
steam-assisted gravity drainage (SAGD) technologies for in-situ recovery of
heavy oil and bitumen are energy intensive, requiring significant consumption
of natural gas and other fuels in the production of steam which is used in the
recovery process. The amount of steam required in the production process can
also vary and impact costs. The performance of the reservoir can also impact
the timing and levels of production using this technology.&#160; Commercial application of this technology is
not yet commonplace and accordingly, in the absence of operating history, there
can be no assurances with respect to the sustainability of SAGD operations.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Reclamation.</font></u></i><font size="2" style="font-size:10.0pt;">&#160; There are risks associated with
our ability to complete reclamation work, specifically reclaiming tailings
ponds which contain water, clay and residual bitumen produced through the
extraction process.&#160; To reclaim tailings
ponds, we are using a process referred to as consolidated tailings (CT)
technology.&#160; At this time, no ponds have
been fully reclaimed using this technology.&#160;
The success of the CT technology and time to reclaim the tailings ponds
could increase or decrease the current asset retirement cost estimates.&#160; We continue to monitor and assess other
possible technologies and/or modifications to the consolidated tailings process
now being used.&#160; Regulatory approval of
our North Steepbank mine extension, planned for operation in 2010, is subject
to certain conditions related to the performance of CT technology.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Labour Relations</font></u></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">.&#160;
</font></i><font size="2" style="font-size:10.0pt;">Hourly employees at our Oil Sands facility near Fort McMurray, Alberta,
our London, Ontario terminal operation, our Sarnia, Ontario refinery, our
Denver, Colorado refinery and at Sun-Canadian Pipeline Company are represented
by labour unions or employee associations.&#160;
Any work interruptions involving our employees, and/or contract trades
utilized in our projects or operations, could materially and adversely affect
our business and financial position.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">U.S.
Policies re: Clean Oil</font></u></i><font size="2" style="font-size:10.0pt;">.&#160; Recently,
certain U.S. governmental agencies have indicated their intention to purchase
oil and related refined products from conventional sources, rather than from
the oil sands, which in their view, is a less environmentally friendly source
of oil.&#160; Although we continue to focus on
mitigating our business impact to air, water and land, widespread
implementation of such policies could adversely affect markets for our
products.</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">&nbsp;</font></b></h1>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">39</font></p>

</div>
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<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">SELECTED
CONSOLIDATED FINANCIAL INFORMATION</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Selected Consolidated
Financial Information</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following selected
consolidated financial information for each of the years in the three-year
period ended December&nbsp;31, 2007, is derived from our 2007 Consolidated Financial
Statements.&#160; Our consolidated financial
statements for each of the years in the three-year period ended December&nbsp;31,
2007 have been audited by PricewaterhouseCoopers LLP, Chartered
Accountants.&#160; The information set forth
below should be read in conjunction with our MD&amp;A and our 2007 Consolidated
Financial Statements.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="58%" valign="bottom" style="padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="38%" colspan="5" valign="bottom" style="padding:0in 0in 0in 0in;width:38.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Year&nbsp;ended&nbsp;December&nbsp;31,</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><sup><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></sup></b></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">($&nbsp;millions&nbsp;except&nbsp;per&nbsp;share&nbsp;amounts)</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2005</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Revenues</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">17,933</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">15,829</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">11,129</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Net earnings</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,832</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,971</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,158</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Per common share (undiluted)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">6.14</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">6.47</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2.54</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Per common share (diluted)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">6.02</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">6.32</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2.48</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Cash flow from operations</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3,805</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">4,533</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,476</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Capital and exploration expenditures</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">5,415</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3,613</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3,153</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="58%" valign="bottom" style="padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="38%" colspan="5" valign="bottom" style="padding:0in 0in 0in 0in;width:38.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">As&nbsp;at&nbsp;December&nbsp;31,</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><sup><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></sup></b></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">($&nbsp;millions)</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2005</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Total assets</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">24,167</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">18,759</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">15,126</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Long-term debt</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">3,811</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,363</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,984</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Accrued liabilities and other<sup>(1)</sup></font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,434</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,214</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,005</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Shareholders&#146; equity</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">11,613</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">8,952</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="right" style="margin:0in 10.0pt .0001pt 0in;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">5,996</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Note:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; See Note 8 to our 2007 Consolidated
Financial Statements, which is incorporated by reference herein.</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:avoid;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following table sets forth, for each of the two most recently
completed financial years, the revenues for each category of our principal
products or services that accounted for 15 per cent or more of our total
consolidated revenues.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="33%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.92%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Revenues&nbsp;from:<br>
  ($&nbsp;millions)</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.6%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.5%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="4%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:4.02%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">%</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.58%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.44%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="4%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:4.64%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">%</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.46%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:33.92%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Transportation
  fuel sales</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:2.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">8,056</font></p>
  </td>
  <td width="1%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:1.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:4.02%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">45</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:2.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">7,016</font></p>
  </td>
  <td width="1%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:1.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:4.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">44</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.92%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Crude oil sales</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">5,124</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.02%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">29</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">5,199</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.64%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">33</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.92%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Energy marketing
  and trading</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,883</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.02%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">16</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,582</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.64%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">10</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.92%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Other <sup>(2)</sup></font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">1,840</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.02%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">10</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">2,019</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.64%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">13</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.92%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Total</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">17,903</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.02%;">
  <p style="margin:0in 0in .0001pt;"><sup><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1)</font></sup></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">100</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">15,816</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.64%;">
  <p style="margin:0in 0in .0001pt;"><sup><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1)</font></sup></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in 0in 0in 0in;width:11.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">100</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notes:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;page-break-after:avoid;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Excludes interest income.</font></p>

<p style="margin:0in 0in .0001pt .75in;page-break-after:avoid;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Includes net insurance proceeds of
$436 million in 2006 (2007 - nil)</font></p>

<p style="margin:0in 0in .0001pt .75in;page-break-after:avoid;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dividend Policy and
Record</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our Board of Directors has
established a policy of paying dividends on a quarterly basis.&#160; We review our policy from time to time in
light of our financial position, financing requirements for growth, cash flow
and other factors which our Board of Directors considers relevant.&#160; Our Board of Directors approved an increase
in the quarterly dividend to $0.10 per share from $0.08 per share in the second
quarter of 2007, and an increase to $0.08 per share from $0.06 per share during
the second quarter of 2006.</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">40</font></p>

</div>
<!-- ZEQ.=1,SEQ=51,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=340235,FOLIO='40',FILE="DISK125:[08ZAS2.08ZAS76702]6667-2-BG_ZAS76702.CHC",USER="STOTHA",CD='Mar  3 11:35 2008' -->


<br clear="all" style="page-break-before:always;">


<div>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following table sets forth the per share amount of dividends we paid
to shareholders during the last three years.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="57%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:57.48%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.48%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="4%" colspan="5" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:4.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Year&nbsp;Ended&nbsp;December&nbsp;31,</font></b></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0in 0in 0in 0in;width:.18%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:57.48%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:2.48%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:3.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2006</font></b></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:4.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2005</font></b></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0in 0in 0in 0in;width:.18%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.48%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><a name="6667-2-BG_row"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Common Shares</font></a></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:10.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:10.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:10.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0in 0in 0in 0in;width:.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.48%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">cash dividends</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">$0.38</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">$0.30</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">$0.24</font></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0in 0in 0in 0in;width:.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.48%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0in 0in 0in 0in;width:.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.48%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Dividends paid in common shares</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0in 0in 0in 0in;width:.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">MANAGEMENT&#146;S
DISCUSSION AND ANALYSIS</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our
MD&amp;A, dated February&nbsp;27, 2008, is incorporated by reference herein and
forms an integral part of this AIF, and should be read in conjunction with our
2007 Consolidated Financial Statements and the notes thereto.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">DESCRIPTION OF
CAPITAL STRUCTURE</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;layout-grid-mode:both;">General
Description of Capital Structure</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our authorized capital consists of an unlimited number
of common shares without nominal or par value and an unlimited number of
preferred shares without nominal or par value, issuable in series.&#160; As at December&nbsp;31, 2007, a total of
462,782,806 common shares were issued and outstanding and no preferred shares
had been issued.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each common share entitles the holder to receive
notice of and to attend all meetings of our shareholders, other than meetings
at which only the holders of another class or series are entitled to vote.&#160; Each common share entitles the holder to one
vote.&#160; The holders of common shares, in
the discretion of the Board of Directors, are entitled to receive out of any
monies properly applicable to the payment of dividends, and after the payment
of any dividends payable on preferred shares (if any), of any series or any
other series ranking prior to the common shares as to the payment of dividends,
any dividends declared and payable on the common shares.&#160; Upon any liquidation, dissolution or
winding-up of Suncor, or other distribution of our assets among our
shareholders for the purposes of winding-up our affairs, the holders of the
common shares are entitled to share on a share-for-share basis in the
distribution, except for the prior rights of the holders of the preferred
shares of any series, or any other class ranking prior to the common shares.&#160; There are no pre-emptive or conversion
rights, and the common shares are not subject to redemption.&#160; All common shares currently outstanding and
to be outstanding upon exercise of outstanding options are, or will be, fully
paid and non-assessable.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ratings</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our current long-term debt ratings are A(low) Under
Review &#151; Developing by Dominion Bond Rating Service Limited; A3 with a stable
trend by Moody&#146;s Investors Service, Inc; and A-, with a stable trend by
Standard&nbsp;&amp; Poor&#146;s Rating Services, a division of the McGraw-Hill
Companies,&nbsp;Inc.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dominion Bond Rating Service&#146;s (&#147;DBRS&#148;) credit ratings
are on a long-term debt rating scale that ranges from AAA to D, which
represents the range from highest to lowest quality of such securities
rated.&#160; A rating of A (low) by DBRS is
the third highest of nine categories and is assigned to debt securities
considered to be of satisfactory credit quality.&#160; Protection of interest and principal is still
substantial, but the degree of strength is less than with AA rated entities.&#160; Entities in the A category may be more
susceptible to adverse economic conditions and have greater cyclical tendencies
than higher rated companies.&#160; The
assignment of a &#147;(high)&#148; or &#147;(low)&#148; modifier within each rating category
indicates relative standing within such category.&#160; The &#147;high&#148; and &#147;low&#148; grades are not used for
the AAA category.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Moody&#146;s credit ratings are on a long-term debt rating
scale that ranges from AAA&#160; to C, which
represents the range from highest to lowest quality of such securities rated.&#160; A rating of A3 by Moody&#146;s is the third</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">41</font></p>

</div>
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<br clear="all" style="page-break-before:always;">


<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">highest of nine categories and is assigned to debt
securities which are considered upper-medium grade obligations and are subject
to low credit risk.&#160; Moody&#146;s appends
numerical modifiers 1, 2 or 3 to each generic rating classification.&#160; The modifier 1 indicates that the issue ranks
in the higher end of its generic rating category, the modifier 2 indicates a
mid-range ranking and the modifier 3 indicates that the issue ranks in the
lower end of its generic rating category.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Standard and Poor&#146;s (&#147;S&amp;P&#148;) credit ratings are on
a long-term debt rating scale that ranges from AAA to D, which represents the
range from highest to lowest quality of such securities rated.&#160; A rating of A- by S&amp;P is the third
highest of eleven categories and indicates that the obligor is somewhat more
susceptible to adverse effects of changes in circumstances and economic
conditions than obligors in the higher-rated categories.&#160; However, the obligor&#146;s capacity to meet its
financial commitment on the obligation is still strong.&#160; The addition of a plus (+) or minus (-)
designation after a rating indicates the relative standing within a particular
rating category.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">DBRS&#146;s commercial paper credit ratings are on a
short-term debt rating scale that ranges from R-1(high) to D, which represent
the range from highest to lowest quality of such securities rated.&#160; A rating of R-1(low) by DBRS is the third
highest of ten categories and is assigned to debt securities considered to be
of satisfactory credit quality.&#160; The
overall strength and outlook for key liquidity, debt, and profitability ratios
is not normally as favourable as with higher rating categories, but these considerations
are still respectable, and any qualifying negative factors that exist are
considered manageable, and the entity is normally of sufficient size to have
some influence in its industry.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The credit ratings accorded to the notes by the rating
agencies are not recommendations to purchase, hold or sell the notes inasmuch
as such ratings do not comment as to the market price or suitability for a
particular investor.&#160; Any rating may not
remain in effect for any given period of time or may be revised or withdrawn
entirely by a rating agency in the future if in its judgment circumstances so
warrant.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">MARKET FOR OUR
SECURITIES</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our common shares are listed on the Toronto Stock
Exchange in Canada, and on the New York Stock Exchange in the United States.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Price Range and Trading
Volume of Common Shares</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Toronto Stock Exchange</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="54%" valign="bottom" style="padding:0in 0in 0in 0in;width:54.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="24%" colspan="3" valign="bottom" style="padding:0in 0in 0in 0in;width:24.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Price&nbsp;Range&nbsp;($&nbsp;Cdn)</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="15%" valign="bottom" style="padding:0in 0in 0in 0in;width:15.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Trading&nbsp;Volume</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="54%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:54.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">High</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Low</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="15%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:15.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(000&#146;s)</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="54%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:54.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">January</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">92.85</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">81.50</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:15.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">43,938</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="54%" valign="top" style="padding:0in 0in 0in 0in;width:54.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">February</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">88.65</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">82.29</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" style="padding:0in 0in 0in 0in;width:15.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">30,930</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="54%" valign="top" style="padding:0in 0in 0in 0in;width:54.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">March</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">90.00</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">79.66</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" style="padding:0in 0in 0in 0in;width:15.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">34,616</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="54%" valign="top" style="padding:0in 0in 0in 0in;width:54.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">April</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">94.20</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">87.58</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" style="padding:0in 0in 0in 0in;width:15.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">27,825</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="54%" valign="top" style="padding:0in 0in 0in 0in;width:54.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">May</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">96.81</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">88.39</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" style="padding:0in 0in 0in 0in;width:15.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">29,160</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="54%" valign="top" style="padding:0in 0in 0in 0in;width:54.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">June</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">99.70</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">91.10</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" style="padding:0in 0in 0in 0in;width:15.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">30,799</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="54%" valign="top" style="padding:0in 0in 0in 0in;width:54.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">July</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">100.67</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">93.23</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" style="padding:0in 0in 0in 0in;width:15.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">31,184</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="54%" valign="top" style="padding:0in 0in 0in 0in;width:54.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">August</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">97.74</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">88.72</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" style="padding:0in 0in 0in 0in;width:15.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">31,945</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="54%" valign="top" style="padding:0in 0in 0in 0in;width:54.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">September</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">101.55</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">92.14</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" style="padding:0in 0in 0in 0in;width:15.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">36,572</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="54%" valign="top" style="padding:0in 0in 0in 0in;width:54.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">October</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">104.15</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">91.25</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" style="padding:0in 0in 0in 0in;width:15.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">42,114</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="54%" valign="top" style="padding:0in 0in 0in 0in;width:54.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">November</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">108.00</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">94.59</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" style="padding:0in 0in 0in 0in;width:15.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">33,919</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="54%" valign="top" style="padding:0in 0in 0in 0in;width:54.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">December</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">109.47</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">94.89</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" style="padding:0in 0in 0in 0in;width:15.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">24,200</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">42</font></p>

</div>
<!-- ZEQ.=1,SEQ=53,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=734988,FOLIO='42',FILE="DISK125:[08ZAS2.08ZAS76702]6667-2-BG_ZAS76702.CHC",USER="STOTHA",CD='Mar  3 11:35 2008' -->



<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New York Stock Exchange</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="99%" style="border-collapse:collapse;width:99.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="450" valign="top" style="padding:0in 0in 0in 0in;width:337.25pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">2007</font></b></p>
  </td>
  <td width="131" colspan="3" valign="bottom" style="padding:0in 0in 0in 0in;width:98.4pt;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Price
  Range ($US)</font></b></p>
  </td>
  <td width="33" valign="top" style="padding:0in 0in 0in 0in;width:24.7pt;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="106" valign="bottom" style="padding:0in 0in 0in 0in;width:79.65pt;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Trading Volume </font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="450" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:337.25pt;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="57" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:42.45pt;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">High</font></b></p>
  </td>
  <td width="23" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:17.5pt;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="51" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:38.45pt;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Low</font></b></p>
  </td>
  <td width="33" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:24.7pt;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="106" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:79.65pt;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">(000&#146;s)</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="450" valign="top" style="border:none;padding:0in 0in 0in 0in;width:337.25pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">January</font></p>
  </td>
  <td width="57" valign="top" style="border:none;padding:0in 0in 0in 0in;width:42.45pt;">
  <p align="right" style="margin:0in .15in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">77.35</font></p>
  </td>
  <td width="23" valign="top" style="border:none;padding:0in 0in 0in 0in;width:17.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51" valign="top" style="border:none;padding:0in 0in 0in 0in;width:38.45pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">69.39</font></p>
  </td>
  <td width="33" valign="top" style="border:none;padding:0in 0in 0in 0in;width:24.7pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="106" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.65pt;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">43,617</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="450" valign="top" style="padding:0in 0in 0in 0in;width:337.25pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">February</font></p>
  </td>
  <td width="57" valign="top" style="padding:0in 0in 0in 0in;width:42.45pt;">
  <p align="right" style="margin:0in .15in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">75.37</font></p>
  </td>
  <td width="23" valign="top" style="padding:0in 0in 0in 0in;width:17.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51" valign="top" style="padding:0in 0in 0in 0in;width:38.45pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">70.25</font></p>
  </td>
  <td width="33" valign="top" style="padding:0in 0in 0in 0in;width:24.7pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="106" valign="top" style="padding:0in 0in 0in 0in;width:79.65pt;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">25,738</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="450" valign="top" style="padding:0in 0in 0in 0in;width:337.25pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">March</font></p>
  </td>
  <td width="57" valign="top" style="padding:0in 0in 0in 0in;width:42.45pt;">
  <p align="right" style="margin:0in .15in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">77.79</font></p>
  </td>
  <td width="23" valign="top" style="padding:0in 0in 0in 0in;width:17.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51" valign="top" style="padding:0in 0in 0in 0in;width:38.45pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">67.78</font></p>
  </td>
  <td width="33" valign="top" style="padding:0in 0in 0in 0in;width:24.7pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="106" valign="top" style="padding:0in 0in 0in 0in;width:79.65pt;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">26,717</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="450" valign="top" style="padding:0in 0in 0in 0in;width:337.25pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">April</font></p>
  </td>
  <td width="57" valign="top" style="padding:0in 0in 0in 0in;width:42.45pt;">
  <p align="right" style="margin:0in .15in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">82.89</font></p>
  </td>
  <td width="23" valign="top" style="padding:0in 0in 0in 0in;width:17.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51" valign="top" style="padding:0in 0in 0in 0in;width:38.45pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">75.71</font></p>
  </td>
  <td width="33" valign="top" style="padding:0in 0in 0in 0in;width:24.7pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="106" valign="top" style="padding:0in 0in 0in 0in;width:79.65pt;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">22,857</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="450" valign="top" style="padding:0in 0in 0in 0in;width:337.25pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">May</font></p>
  </td>
  <td width="57" valign="top" style="padding:0in 0in 0in 0in;width:42.45pt;">
  <p align="right" style="margin:0in .15in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">89.43</font></p>
  </td>
  <td width="23" valign="top" style="padding:0in 0in 0in 0in;width:17.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51" valign="top" style="padding:0in 0in 0in 0in;width:38.45pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">79.81</font></p>
  </td>
  <td width="33" valign="top" style="padding:0in 0in 0in 0in;width:24.7pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="0" valign="top" style="padding:0in 0in 0in 0in;width:0in;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">25,577</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="450" valign="top" style="padding:0in 0in 0in 0in;width:337.25pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">June</font></p>
  </td>
  <td width="57" valign="top" style="padding:0in 0in 0in 0in;width:42.45pt;">
  <p align="right" style="margin:0in .15in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">93.52</font></p>
  </td>
  <td width="23" valign="top" style="padding:0in 0in 0in 0in;width:17.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51" valign="top" style="padding:0in 0in 0in 0in;width:38.45pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">85.59</font></p>
  </td>
  <td width="33" valign="top" style="padding:0in 0in 0in 0in;width:24.7pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="0" valign="top" style="padding:0in 0in 0in 0in;width:0in;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">21,554</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="450" valign="top" style="padding:0in 0in 0in 0in;width:337.25pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">July</font></p>
  </td>
  <td width="57" valign="top" style="padding:0in 0in 0in 0in;width:42.45pt;">
  <p align="right" style="margin:0in .15in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">96.41</font></p>
  </td>
  <td width="23" valign="top" style="padding:0in 0in 0in 0in;width:17.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51" valign="top" style="padding:0in 0in 0in 0in;width:38.45pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">87.45</font></p>
  </td>
  <td width="33" valign="top" style="padding:0in 0in 0in 0in;width:24.7pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="0" valign="top" style="padding:0in 0in 0in 0in;width:0in;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">22,516</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="450" valign="top" style="padding:0in 0in 0in 0in;width:337.25pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">August</font></p>
  </td>
  <td width="57" valign="top" style="padding:0in 0in 0in 0in;width:42.45pt;">
  <p align="right" style="margin:0in .15in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">92.44</font></p>
  </td>
  <td width="23" valign="top" style="padding:0in 0in 0in 0in;width:17.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51" valign="top" style="padding:0in 0in 0in 0in;width:38.45pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">82.37</font></p>
  </td>
  <td width="33" valign="top" style="padding:0in 0in 0in 0in;width:24.7pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="0" valign="top" style="padding:0in 0in 0in 0in;width:0in;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">21,372</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="450" valign="top" style="padding:0in 0in 0in 0in;width:337.25pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">September</font></p>
  </td>
  <td width="57" valign="top" style="padding:0in 0in 0in 0in;width:42.45pt;">
  <p align="right" style="margin:0in .15in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">100.11</font></p>
  </td>
  <td width="23" valign="top" style="padding:0in 0in 0in 0in;width:17.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51" valign="top" style="padding:0in 0in 0in 0in;width:38.45pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">88.83</font></p>
  </td>
  <td width="33" valign="top" style="padding:0in 0in 0in 0in;width:24.7pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="0" valign="top" style="padding:0in 0in 0in 0in;width:0in;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">20,197</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="450" valign="top" style="padding:0in 0in 0in 0in;width:337.25pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">October</font></p>
  </td>
  <td width="57" valign="top" style="padding:0in 0in 0in 0in;width:42.45pt;">
  <p align="right" style="margin:0in .15in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">109.49</font></p>
  </td>
  <td width="23" valign="top" style="padding:0in 0in 0in 0in;width:17.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51" valign="top" style="padding:0in 0in 0in 0in;width:38.45pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">91.40</font></p>
  </td>
  <td width="33" valign="top" style="padding:0in 0in 0in 0in;width:24.7pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="0" valign="top" style="padding:0in 0in 0in 0in;width:0in;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">24,598</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="450" valign="top" style="padding:0in 0in 0in 0in;width:337.25pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">November</font></p>
  </td>
  <td width="57" valign="top" style="padding:0in 0in 0in 0in;width:42.45pt;">
  <p align="right" style="margin:0in .15in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">117.98</font></p>
  </td>
  <td width="23" valign="top" style="padding:0in 0in 0in 0in;width:17.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51" valign="top" style="padding:0in 0in 0in 0in;width:38.45pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">94.56</font></p>
  </td>
  <td width="33" valign="top" style="padding:0in 0in 0in 0in;width:24.7pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="0" valign="top" style="padding:0in 0in 0in 0in;width:0in;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">20,548</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="450" valign="top" style="padding:0in 0in 0in 0in;width:337.25pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">December</font></p>
  </td>
  <td width="57" valign="top" style="padding:0in 0in 0in 0in;width:42.45pt;">
  <p align="right" style="margin:0in .15in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">111.31</font></p>
  </td>
  <td width="23" valign="top" style="padding:0in 0in 0in 0in;width:17.5pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51" valign="top" style="padding:0in 0in 0in 0in;width:38.45pt;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">94.70</font></p>
  </td>
  <td width="33" valign="top" style="padding:0in 0in 0in 0in;width:24.7pt;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="0" valign="top" style="padding:0in 0in 0in 0in;width:0in;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">13,011</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">DIRECTORS AND
EXECUTIVE OFFICERS</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt .05in;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Directors</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following individuals are directors of Suncor.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="22%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Name and Municipality<br>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; of Residence</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:1.64%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="20%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;&nbsp;&nbsp;Period Served</font></b><font size="1" style="font-size:9.0pt;"><br>
  <b>and Independence</b></font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:3.04%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="52%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in 0in .0001pt .45in;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Principle
  Occupations During Past Five Years</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Mel E. Benson <sup>(3)(4)</sup>  <br>
  Calgary, Alberta</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Director since 2000
  Independent</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Mel
  Benson is president of Mel E. Benson Management Services Inc., an
  international management consulting firm based in Calgary, Alberta. In 2000
  Mr.&nbsp;Benson retired from a major international oil company.
  Mr.&nbsp;Benson is a partner in Kanetax Energy Inc., Tenax Energy Inc. and a
  director of Winalta Homes Inc. He is active with several charitable
  organizations including Hull Family Services and the Canadian Aboriginal
  Professional Association. He is also a member of the Board of Governors for
  the Northern Alberta Institute of Technology and the National Aboriginal
  Economic Development Board.</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Brian A. Canfield <sup>(1)(2)</sup><br>
  Point Roberts,<br>
  Washington</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Director since 1995
  Independent</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Brian
  Canfield is the chairman of TELUS Corporation, a telecommunications company.
  Mr.&nbsp;Canfield is also a director and chairman of the governance committee
  of the Canadian Public Accountability Board. Mr.&nbsp;Canfield is a member of
  the Order of Canada, a member of the Order of British Columbia, and a fellow
  of the Institute of Corporate Directors.</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Bryan P. Davies <sup>(3)(4)</sup>  <br>
  Toronto, Ontario</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Director 1991 to 1996
  and since 2000<br>
  Independent</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Bryan
  Davies is chairman of the Canada Deposit Insurance Corporation. He is also a
  director of the General Insurance Statistical Agency and is past
  superintendent of the Financial Services Commission of Ontario. Prior to
  that, he was senior vice president, regulatory affairs with the Royal Bank
  Financial Group. Mr.&nbsp;Davies is also active with a number of
  not-for-profit charitable organizations.</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">43</font></p>

</div>
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<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="22%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Name and Municipality<br>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; of Residence</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:1.64%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="20%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;&nbsp;&nbsp;Period Served</font></b><font size="1" style="font-size:9.0pt;"><br>
  <b>and Independence</b></font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:3.04%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="52%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in 0in .0001pt .45in;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Principle
  Occupations During Past Five Years</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Brian A. Felesky <sup>(1)(4)</sup>  <br>
  Calgary, Alberta</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Director since 2002
  Independent</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Brian
  Felesky is counsel to the law firm of Felesky Flynn LLP in Calgary, Alberta.
  Mr.&nbsp;Felesky also serves as a director on the board and is chair of the
  audit committee of Epcor Power LP. He is also a member of the board of
  Precision Drilling Trust and Resin Systems Inc. Mr.&nbsp;Felesky is actively
  involved in not-for-profit and charitable organizations. He is the co-chair
  of Homefront on Domestic Violence, vice chair of the Canada West Foundation,
  member of the senate of Athol Murray College of Notre Dame and board member
  of the Calgary Stampede Foundation. Mr.&nbsp;Felesky is a Queen&#146;s Counsel and
  member of the Order of Canada.</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">John T. Ferguson<sup>(2)(3)</sup>
  <br>
  Edmonton, Alberta</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Director since 1995
  Independent</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">John
  Ferguson is founder and chairman of the board of Princeton Developments Ltd.
  and Princeton Ventures Ltd. Mr.&nbsp;Ferguson is also a director of Fountain
  Tire Ltd., the Royal Bank of Canada and Strategy Summit Ltd. In addition, he
  is a director of the C.D. Howe Institute, the Alberta Bone and Joint
  Institute, an advisory member of the Canadian Institute for Advanced Research
  and chancellor emeritus and chairman emeritus of the University of Alberta.
  Mr.&nbsp;Ferguson is also a fellow of the Alberta Institute of Chartered
  Accountants and of the Institute of Corporate Directors.</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">W. Douglas Ford<sup>(1)(2)</sup>  <br>
  Bonita Springs, Florida</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Director since 2004
  Independent</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">W.
  Douglas Ford was chief executive, refining and marketing for BP p.l.c. from
  1998 to 2002 and was responsible for the refining, marketing and
  transportation network of the company as well as the aviation fuels business,
  the marine business and BP shipping. Mr.&nbsp;Ford currently serves as a
  director of USG Corporation and Air Products and Chemicals,&nbsp;Inc. He is
  also a member of the board of trustees of the University of Notre Dame.</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Richard L. George <br>
  Calgary, Alberta</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Director since 1991
  Non-independent, management</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Richard
  George is the president and chief executive officer of Suncor Energy Inc.
  Mr.&nbsp;George is also a director of the U.S. offshore and onshore drilling
  company Transocean. In 2006, he was selected to serve as a member of the
  North American Competitiveness Council. In 2007, he became a member of the
  Calgary Committee to End Homelessness and is currently chair of the 2008
  Governor General&#146;s Canadian Leadership Conference.&nbsp;Mr.&nbsp;George was
  named&nbsp;a member of&nbsp;the Order of Canada in 2007.</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">John R. Huff <sup>(2)(3)</sup>  <br>
  Houston, Texas</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Director since 1998
  Independent</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">John
  Huff is chairman of Oceaneering International Inc., an oil field services
  company. He is also a director of BJ Services Company, KBR and Rowan
  Companies Inc. Mr.&nbsp;Huff is a member of the National Petroleum Council,
  the Houston Museum of Natural Science and St. Luke&#146;s Episcopal Hospital
  System in Houston.</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">M. Ann McCaig <sup>(3)(4)</sup>  <br>
  Calgary, Alberta</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Director since 1995
  Independent</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Ann
  McCaig is actively involved with charitable and community activities. She is
  past co-chair of the Alberta Children&#146;s Hospital Foundation which raised $52
  million for the new state-of-the-art pediatric facility in Calgary. She is
  currently chair of the Alberta Adolescent Recovery Centre, a trustee of the
  Killam Estate, chair of the Calgary Health Trust, a director of the Calgary
  Stampede Foundation and honourary chair of the Alberta Bone and Joint
  Institute. She is also chancellor emeritus of the University of Calgary and a
  member of the Order of Canada.</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">44</font></p>

</div>
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<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="22%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Name and Municipality<br>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; of Residence</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:1.64%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="20%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;&nbsp;&nbsp;Period Served</font></b><font size="1" style="font-size:9.0pt;"><br>
  <b>and Independence</b></font></p>
  </td>
  <td width="3%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:3.04%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="52%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in 0in .0001pt .45in;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Principle
  Occupations During Past Five Years</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Michael W. O&#146;Brien<sup>(1)(2)</sup>  <br>
  Canmore, Alberta</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Director since 2002
  Independent</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Michael
  O&#146;Brien served as executive vice president, corporate development, and chief
  financial officer of Suncor Energy Inc. before retiring in 2002.
  Mr.&nbsp;O&#146;Brien serves on the board of Shaw Communications Inc. and is an
  advisor to CRA International. In addition, he is past chair of the board of
  trustees for Nature Conservancy Canada, past chair of the Canadian Petroleum
  Products Institute and past chair of Canada&#146;s Voluntary Challenge for Global
  Climate Change.</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in .7pt 0in .7pt;width:22.76%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Eira M. Thomas <sup>(1)(4)</sup>  <br>
  West Vancouver, British Columbia</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.64%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0in .7pt 0in .7pt;width:20.48%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Director since 2006
  Independent</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.08%;">
  <p style="margin:0in .05in .0001pt 0in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Eira
  Thomas has been chief executive officer of Stornoway Diamond Corporation, a
  mineral exploration company, since July&nbsp;2003. Previously,
  Ms.&nbsp;Thomas was president of Navigator Exploration Corporation and chief
  executive officer of Stornoway Ventures Ltd. She is also a director of
  Strongbow Exploration Inc. and Fortress Minerals Corp. In addition,
  Ms.&nbsp;Thomas is a director of the University of Toronto (U of T) Alumni
  Association, Lassonde Advisory Board of the U of T, Prospectors and
  Developers Association of Canada and the Northwest Territories and Nunavut
  Chamber of Mines. She also is a member of the U of T President&#146;s Internal
  Advisory Council.</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)</font><font size="1" style="font-size:8.5pt;">&#160; </font><font size="1" style="font-size:8.0pt;">Audit Committee</font></p>

<p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(2)</font><font size="1" style="font-size:8.5pt;">&#160; </font><font size="1" style="font-size:8.0pt;">Board Policy, Strategy Review&nbsp;&amp; Governance
Committee</font></p>

<p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(3)</font><font size="1" style="font-size:8.5pt;">&#160; </font><font size="1" style="font-size:8.0pt;">Human Resources and Compensation Committee</font></p>

<p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(4)</font><font size="1" style="font-size:8.5pt;">&#160; </font><font size="1" style="font-size:8.0pt;">Environment, Health&nbsp;&amp; Safety Committee</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">45</font></p>

</div>
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<div style="font-family:Times New Roman;">

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt .05in;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive
Officers</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
following individuals are the executive officers of Suncor.</font></p>

<p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="36%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:36.04%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Name and
  Municipality of Residence</font></b></p>
  </td>
  <td width="8%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt 95.75pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Office<sup>(1)(2)</sup></font></b></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="8%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">J. KENNETH ALLEY</font><font size="1" style="font-size:9.0pt;">  <br>
  Calgary, Alberta</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Senior Vice President and Chief
  Financial Officer</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">MIKE M. ASHAR</font><font size="1" style="font-size:9.0pt;">  <br>
  Calgary, Alberta</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Executive Vice President,
  Strategic Growth and Energy Trading</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">KIRK BAILEY</font><font size="1" style="font-size:9.0pt;">  <br>
  Fort McMurray, Alberta</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Executive Vice President, Oil
  Sands</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">DAVID
  W. BYLER</font><font size="1" style="font-size:9.0pt;">  <br>
  Cochrane, Alberta</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Executive Vice President,
  Natural Gas and Renewable</font><font size="1" style="font-size:9.0pt;">  Energy</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">RICHARD L. GEORGE</font><font size="1" style="font-size:9.0pt;">  <br>
  Calgary, Alberta</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">President and Chief Executive
  Officer</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">TERRENCE J. HOPWOOD</font><font size="1" style="font-size:9.0pt;">  <br>
  Calgary, Alberta</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Senior Vice President and
  General Counsel</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">SUE LEE</font><font size="1" style="font-size:9.0pt;">  <br>
  Calgary, Alberta</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Senior Vice President, Human
  Resources and</font><font size="1" style="font-size:9.0pt;">  Communications</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">KEVIN
  D. NABHOLZ</font><font size="1" style="font-size:9.0pt;">  <br>
  Calgary, Alberta</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Executive Vice President, Major
  Projects</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">THOMAS L. RYLEY</font><font size="1" style="font-size:9.0pt;">  <br>
  Toronto, Ontario</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Executive Vice President,
  Refining and Marketing</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">JAY THORNTON</font><font size="1" style="font-size:9.0pt;">  <br>
  </font><font size="1" style="font-size:9.0pt;">Calgary, Alberta</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Senior Vice President, Business
  Integration</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in .7pt 0in .7pt;width:36.04%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">STEVEN W. WILLIAMS</font><font size="1" style="font-size:9.0pt;"><br>
  Calgary, Alberta</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.04%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="55%" valign="top" style="padding:0in .7pt 0in .7pt;width:55.92%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Chief Operating Officer</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Note:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.32%;">
  <p style="margin:0in .05in .0001pt 0in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(1)</font></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.96%;">
  <p style="margin:0in .05in .0001pt 0in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in .05in .0001pt 0in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Offices shown are positions held by the officers in
  relation to businesses of Suncor Energy Inc. and its subsidiaries. On a legal
  entity basis, Mr.&nbsp;Ashar is president of Suncor Energy Marketing Inc. and
  Mr.&nbsp;Ryley is president of Suncor Energy Products Inc., each of which are
  Suncor&#146;s Canada-based downstream subsidiaries; and Mr.&nbsp;Nabholz,
  Ms.&nbsp;Lee, and Mr.&nbsp;Thornton are officers of Suncor Energy Services
  Inc., which provides major projects management, human resources and communication,
  business integration and other shared services to the Suncor group of
  companies.</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.32%;">
  <p style="margin:0in .05in .0001pt 0in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.96%;">
  <p style="margin:0in .05in .0001pt 0in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in .05in .0001pt 0in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.32%;">
  <p style="margin:0in .05in .0001pt 0in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">(2)</font></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.96%;">
  <p style="margin:0in .05in .0001pt 0in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.72%;">
  <p style="margin:0in .05in .0001pt 0in;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">This information reflects the positions of officers
  as at December 31, 2007.</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All of the foregoing executive
officers of the Company have, for the past five years, been actively engaged as
executives or employees of Suncor or its affiliates.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The percentage of Common Shares
of Suncor owned beneficially, directly or indirectly, or over which control or
direction is exercised by Suncor&#146;s directors and executive officers, as a
group, is less than 1%.</font></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;layout-grid-mode:both;">Additional Disclosure for Directors and Executive
Officers</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To the best of our knowledge, having made due inquiry, we confirm that,
as at the date hereof:</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">46</font></p>

</div>
<!-- ZEQ.=1,SEQ=57,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=972961,FOLIO='46',FILE="DISK125:[08ZAS2.08ZAS76702]6667-2-BI_ZAS76702.CHC",USER="STOTHA",CD='Mar  4 09:33 2008' -->


<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:avoid;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>in the last ten years,
no director or executive officer of Suncor is or has been a director or officer
of another issuer that, while that person was acting in that capacity:</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>was
the subject of a cease trade or similar order, or an order that denied the
relevant issuer access to any exemption under Canadian securities legislation
for a period of more than 30 consecutive days;</p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>was
subject to an event that resulted, after the director or executive officer
ceased to be a director or executive officer, in the company being the subject
of a cease trade or similar order or an order that denied the relevant company
access to any exemption under securities legislation, for a period of more than
30 consecutive days; or</p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>became
bankrupt or made a proposal under any legislation relating to bankruptcy or
insolvency or was subject to or instituted any proceedings, arrangement or
compromise with creditors or had a receiver, receiver manager or trustee
appointed to hold its assets, other than Mr.&nbsp;Ford, a director of Suncor
who is currently a director of USG Corporation, which was in bankruptcy
protection until June, 2006, and who was also a director of United Airlines
(until February&nbsp;2006) which was in Chapter 11 bankruptcy protection until
February, 2006.</p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:avoid;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>no director or
executive officer of Suncor has:</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>been
subject to any penalties or sanctions imposed by a court relating to securities
legislation or by a securities regulatory authority or has entered into a
settlement agreement with a securities regulatory authority;&#160; or</p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>has
been subject to any other penalties or sanctions imposed by a court or
regulatory body that would likely be considered important to a reasonable
investor in making an investment decision;</p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:avoid;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>no director or executive
officer of Suncor nor any personal holding company controlled by such person
has become bankrupt, made a proposal under any legislation relating to
bankruptcy or insolvency or become subject to or instituted any proceedings,
arrangement or compromise with creditors, or had a receiver, receiver manager
or trustee appointed to hold the assets of the director or executive officer;
and</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:avoid;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>no
director or executive officer has any direct or indirect material interest in
respect of any matter that has materially affected or will materially affect
Suncor or any of its subsidiaries.</p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">INTEREST OF
MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No director, executive officer, or principal holder of Suncor securities
or any associate or affiliate of these persons has, or has had, any material
interest in any transaction or any proposed transaction that has materially
affected or will materially affect us or any of our affiliates, within the
three most recently completed financial years or during the current financial
year.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">TRANSFER AGENT AND
REGISTRAR</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The transfer agent and registrar for our common shares is Computershare
Trust Company of Canada at its principal offices in Calgary, Montreal, Toronto
and Vancouver and Computershare Trust Company Inc. in Denver, Colorado.</font></p>

<p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">47</font></p>

</div>
<!-- ZEQ.=1,SEQ=58,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=53283,FOLIO='47',FILE="DISK125:[08ZAS2.08ZAS76702]6667-2-BI_ZAS76702.CHC",USER="STOTHA",CD='Mar  4 09:33 2008' -->


<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">INTERESTS OF
EXPERTS</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in .05in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As at the date hereof the designated professionals of GLJ Petroleum
Consultants Ltd., as a group, beneficially owned, directly or indirectly, less
than 1% of our outstanding securities, including the securities of our
associates and affiliates.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">FEES PAID TO AUDITORS</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt .05in;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fees Paid to Auditors</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fees payable to PricewaterhouseCoopers LLP in 2006 and
2007 are detailed below.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="37%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:37.82%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">($)</font></p>
  </td>
  <td width="8%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:8.7%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.64%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2007</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:4.24%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:18.58%;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2006<sup>(1)</sup></font></p>
  </td>
 </tr>
 <tr>
  <td width="37%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:37.82%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Audit fees</font></p>
  </td>
  <td width="8%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:8.7%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:30.64%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1 440 000</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:4.24%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:18.58%;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1
  719 000</font></p>
  </td>
 </tr>
 <tr>
  <td width="37%" valign="top" style="padding:0in .7pt 0in .7pt;width:37.82%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Audit-related fees</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.7%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30%" valign="top" style="padding:0in .7pt 0in .7pt;width:30.64%;">
  <p align="right" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">448 000</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.24%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0in .7pt 0in .7pt;width:18.58%;">
  <p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">295
  000</font></p>
  </td>
 </tr>
 <tr>
  <td width="37%" valign="top" style="padding:0in .7pt 0in .7pt;width:37.82%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax fees</font></p>
  </td>
  <td width="8%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:8.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30%" valign="top" style="padding:0in .7pt 0in .7pt;width:30.64%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2 000</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0in .7pt 0in .7pt;width:18.58%;">
  <p align="right" style="margin:0in .05in .0001pt 0in;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">-</font></p>
  </td>
 </tr>
 <tr>
  <td width="37%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:37.82%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All other fees</font></p>
  </td>
  <td width="8%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:8.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.64%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">-</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:4.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:18.58%;">
  <p align="right" style="margin:0in .05in .0001pt 0in;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3 000</font></p>
  </td>
 </tr>
 <tr>
  <td width="37%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:37.82%;">
  <p style="margin:0in 0in .0001pt .05in;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Total</font></p>
  </td>
  <td width="8%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:8.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.64%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1 890 000</font></p>
  </td>
  <td width="4%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:4.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:18.58%;">
  <p align="right" style="margin:0in .05in .0001pt 0in;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2 017 000</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .3in;text-indent:-.25in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Certain prior period comparative figures have been
reclassified to conform to current period presentation.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .3in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
nature of each category of fees is described below.</font></p>

<p style="margin:0in 0in .0001pt .3in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .3in;text-indent:-.25in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Audit Fees</font></u></p>

<p style="margin:0in .05in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Audit fees were
paid for professional services rendered by the auditors for the audit of Suncor&#146;s
annual financial statements or services provided in connection with statutory
and regulatory filings or engagements.</font></p>

<p style="margin:0in 0in .0001pt .3in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .3in;text-indent:-.25in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Audit-related
Fees</font></u></p>

<p style="margin:0in .05in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Audit-related fees
were paid for professional services rendered by the auditors for preparation of
reports on specified procedures as they relate to joint venture audits, attest
services not required by statute or regulation, and membership fees levied by
the Canadian Public Accountability Board.</font></p>

<p style="margin:0in 0in .0001pt .3in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .3in;text-indent:-.25in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax
Fees</font></u></p>

<p style="margin:0in 0in .0001pt .3in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax
fees were paid for international tax planning, advice and compliance.</font></p>

<p style="margin:0in 0in .0001pt .3in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .3in;text-indent:-.25in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">All
Other Fees</font></u></p>

<p style="margin:0in .05in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fees disclosed
under &#147;All Other Fees&#148; were paid for subscriptions to auditor-provided and
supported tools.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in .05in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">None of the
services described under the captions &#147;Audit-related Fees&#148;, &#147;Tax Fees&#148; and &#147;All
Other Fees&#148; were approved by the Audit Committee pursuant to paragraph
(c)(7)(i)(C)&nbsp;of Rule&nbsp;2-01 of Regulation S-X.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt .05in;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Audit Committee
Pre-Approval Policies for Non Audit Services</font></b></p>

<p style="font-weight:bold;line-height:normal;margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in .05in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our Audit Committee has considered whether the
provision of services other than audit services is compatible with maintaining
the auditors&#146; independence and has a policy governing the provision of these
services.&#160; A copy of our policy relating
to Audit Committee approval of fees paid to our auditors, in compliance with
the <i>Sarbanes Oxley Act of 2002, </i>is attached
as Schedule &#147;A&#148; to this AIF.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .05in;page-break-after:auto;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Audit
Committee Charter</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in .05in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Audit
Committee Charter is attached as Schedule &#147;B&#148; to this AIF.</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">48</font></p>

</div>
<!-- ZEQ.=1,SEQ=59,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=206560,FOLIO='48',FILE="DISK125:[08ZAS2.08ZAS76702]6667-2-BI_ZAS76702.CHC",USER="STOTHA",CD='Mar  4 09:33 2008' -->


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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .05in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Composition
of the Audit Committee</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .05in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Audit Committee is comprised of Mr.&nbsp;Canfield (Chairman), Mr.&nbsp;Felesky,
Mr.&nbsp;Ford, Mr.&nbsp;O&#146;Brien and Ms.&nbsp;Thomas. All members are
independent and financially literate. The education and expertise of each
member is described under the heading &#147;Directors and Executive Officers&#148;.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .05in;text-align:justify;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">For the purpose of making appointments to the </font>Company&#146;s</font> Audit Committee, and in addition to the
independence requirements, all directors nominated to the Audit Committee must
meet the test of financial literacy as determined in the judgment of the board
of directors. Also, at least one director so nominated must meet the test of financial expert as determined in the
judgment of the board of directors.&#160; The
designated financial expert on the Audit Committee is Michael W. O&#146;Brien.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .05in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Financial Literacy</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .05in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Financial literacy can be generally defined as the
ability to read and understand a balance sheet, an income statement and a cash
flow statement. In assessing a potential appointee&#146;s level of financial
literacy, the board of directors must evaluate the totality of the individual&#146;s
education and experience including:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.2in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160; </font>The level of the person&#146;s accounting or financial education, including
whether the person has earned an advanced degree in finance or accounting;</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.2in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160; </font>Whether the person is a professional accountant, or the equivalent, in
good standing, and the length of time that the person actively has practised as
a professional accountant, or the equivalent;</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.2in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160; </font>Whether the person is certified or otherwise identified as having
accounting or financial experience by a recognized private body that
establishes and administers standards in respect of such expertise, whether
that person is in good standing with the recognized private body, and the
length of time that the person has been actively certified or identified as
having this expertise;</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 36.7pt;text-align:justify;text-indent:-15.1pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160; </font>Whether the person has served as a principal financial officer,
controller or principal accounting officer of a corporation that, at the time
the person held such position, was required to file reports pursuant to
securities laws, and if so, for how long;</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.2in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160; </font>The person&#146;s specific duties while serving as a public accountant,
auditor, principal financial officer, controller, principal accounting officer
or position involving the performance of similar functions;</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.2in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160; </font>The person&#146;s level of familiarity and experience with all applicable
laws and regulations regarding the preparation of financial statements that
must be included in reports filed under securities laws;</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.2in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160; </font>The level and amount of the person&#146;s direct experience reviewing,
preparing, auditing or analyzing financial statements that must be included in
reports filed under provisions of securities laws;</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.2in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160; </font>The person&#146;s past or current membership on one or more audit committees
of companies that, at the time the person held such membership, were required to
file reports pursuant to provisions of securities laws;</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .55in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160; </font>The person&#146;s level of familiarity and experience with the use and
analysis of financial statements of public companies; and</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.2in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160; </font>Whether the person has any other relevant qualifications or experience
that would assist him or her in understanding and evaluating the corporation&#146;s
financial statements and other financial information and to make knowledgeable
and thorough inquiries whether:</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">49</font></p>

</div>
<!-- ZEQ.=1,SEQ=60,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=57490,FOLIO='49',FILE="DISK125:[08ZAS2.08ZAS76702]6667-2-BI_ZAS76702.CHC",USER="STOTHA",CD='Mar  4 09:33 2008' -->


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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font>The financial statements fairly present the financial condition,
results of operations and cash flows of the corporation in accordance with
generally accepted accounting principles; and</p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font>The financial statements and other financial information, taken
together, fairly present the financial condition, results of operations and
cash flows of the corporation.</p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Audit Committee Financial
Expert</font></b></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">An &#147;Audit Committee
Financial Expert&#148; means a person who, in the judgment of the corporation&#146;s
board of directors, has the following attributes:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>an
understanding of Canadian generally accepted accounting principles and
financial statements;</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the
ability to assess the general application of such principles in connection with
the accounting for estimates, accruals, and reserves;</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>experience
preparing, auditing or analyzing or evaluating financial statements that
present a breadth and level of complexity of accounting issues that are
generally comparable to the breadth and complexity of issues that can
reasonably be expected to be raised by Suncor&#146;s financial statements, or
experience actively supervising one or more persons engaged in such activities;</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>an understanding of internal controls and
procedures for financial reporting; and</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>an understanding of audit committee
functions.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A
person shall have acquired the attributes referred to in items (a)&nbsp;through
(e)&nbsp;inclusive above through:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>education and experience as a principal
financial officer, principal accounting officer, controller, public accountant
or auditor or experience in one or more positions that involve the performance
of similar functions;</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>experience actively supervising a principal
financial officer, principal accounting officer, controller, public accountant,
auditor or person performing similar functions;</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>experience overseeing or assessing the
performance of companies or public accountants with respect to the preparation,
auditing or evaluation of financial statements; or</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>other relevant experience.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">RELIANCE ON
EXEMPTIVE RELIEF</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We are reporting our
reserves data in accordance with, and are relying on, the terms of the
following MRRS Decision Document: In the Matter of the Securities Legislation
of Alberta, British Columbia, Saskatchewan, Manitoba, Ontario, Quebec, Nova
Scotia, Newfoundland and Labrador, Yukon, Northwest Territories and Nunavut AND
In the Matter of The Mutual Reliance Review System for Exemptive Relief
Applications AND In the Matter of Suncor Energy Inc., December&nbsp;22, 2003
(the &#147;Decision Document&#148;).</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our reserves data consists of the following:</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font>net proved working interest
oil and gas reserve quantities relating to oil and gas operations, other than
mining, estimated as at December&nbsp;31, 2007, using constant dollar cost and
pricing assumptions as of a point in time, namely December&nbsp;31, 2007, and the
related standardized measure;</p>

<p align="left" style="margin:0in 0in .0001pt .25in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font>gross and net proved and
probable working interest oil reserve quantities relating to surface mineable
oil sands operations estimated as at December&nbsp;31, 2007;&#160; and</p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50</font></p>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font>gross and net proved and
probable working interest oil and gas reserve quantities relating to Firebag
in-situ leases, estimated as at December&nbsp;31, 2007, using constant dollar
cost and pricing assumptions, generally intended to represent a normalized
annual average for the year in accordance with CSA Staff Notice 51-315.</p>

<p align="left" style="margin:0in 0in .0001pt .25in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our estimates of reserves and related standardized measure of
discounted future net cash flows (the &#147;standardized measure&#148;) were evaluated or
reviewed in accordance with the standards set out in the Canadian Oil and Gas
Evaluation Handbook (the &#147;COGE Handbook&#148;) modified to the extent necessary to
reflect the terminology and standards of US disclosure requirements, including:</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font>the information required by
the United States Financial Accounting Standards Board, including Financial
Accounting Standard No.&nbsp;69;</p>

<p align="left" style="margin:0in 0in .0001pt .25in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font>the information required by
SEC Industry Guide 2 Disclosure of Oil and Gas Operations, as amended from time
to time;&#160; and</p>

<p align="left" style="margin:0in 0in .0001pt .25in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .25in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font>certain
other information required in accordance with US disclosure practices.</p>

<p align="left" style="margin:0in 0in .0001pt .25in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If we had been reporting our reserves data in accordance with NI 51-101
and had not been relying on the terms of the Decision Document, we would have
been required to report the following:</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font>proved and probable working
interest oil and gas reserve quantities relating to oil and gas operations,
gross and net, using forecast prices and costs for each of proved developed
producing reserves, proved developed non-producing reserves, proved undeveloped
reserves, proved reserves (in total), probable reserves (in total) and proved
plus probable reserves (in total);&#160; and</p>

<p align="left" style="margin:0in 0in .0001pt .25in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font>future net revenue
attributable to the reserves categories referred to above, estimated using
forecast prices and costs, before and after deducting future income tax
expenses, calculated without discount and using discount rates of 5%, 10%, 15%
and 20%.</p>

<p align="center" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">LEGAL PROCEEDINGS</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">There are no legal proceedings to which we are a party
or of which any of our property is the subject, nor are there any proceedings
known by us to be contemplated that involves a claim for damages exceeding ten
percent of our current assets.</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">ADDITIONAL INFORMATION</font></b></h1>

<h1 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></h1>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Additional information, including directors&#146; and
officers&#146; remuneration and indebtedness, principal holders of our securities,
options to purchase securities and interests of insiders in material
transactions, where applicable, is contained in our most recent management
proxy circular for our most recent annual meeting of our shareholders that
involved the election of directors.&#160;
Additional financial information is provided in our 2007 Consolidated
Financial Statements.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Further information about
Suncor, filed with Canadian securities commissions and the United States
Securities and Exchange Commission (SEC), including periodic quarterly and
annual reports and the Annual Information Form&nbsp;(AIF/40-F) is available
online at www.sedar.com and www.sec.gov.&#160;
In addition, our Standards of Business Conduct Code is available online
at <u>www.suncor.com</u>.&#160; Information
contained in or otherwise accessible through our website does not form part of
this AIF, and is not incorporated into the AIF by reference.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">51</font></p>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SCHEDULE &#147;A&#148;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">***Approved
and Accepted April&nbsp;28, 2004***</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SUNCOR
ENERGY INC.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">POLICY
AND PROCEDURES FOR PRE-APPROVAL OF AUDIT</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AND
NON-AUDIT SERVICES</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the
Sarbanes-Oxley Act of 2002 and Multilateral Instrument 52-110, the Securities
and Exchange Commission and the Ontario Securities Commission respectively has
adopted final rules&nbsp;relating to audit committees and auditor
independence.&#160; These rules&nbsp;require
the Audit Committee of Suncor Energy Inc (&#147;Suncor&#148;) to be responsible for the
appointment, compensation, retention and oversight of the work of its
independent auditor.&#160; The Audit Committee
must also pre-approve any audit and non-audit services performed by the independent
auditor or such services must be entered into pursuant to pre-approval policies
and procedures established by the Audit Committee pursuant to this policy.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">I.</font></b><b><font size="1" style="font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>STATEMENT OF POLICY</b></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Audit Committee has
adopted this Policy and Procedures for Pre-Approval of Audit and Non-Audit
Services (the &#147;Policy&#148;), which sets forth the procedures and the conditions
pursuant to which services proposed to be performed by the independent auditor
will be pre-approved.&#160; The procedures
outlined in this Policy are applicable to all Audit, Audit-Related, Tax
Services and All Other Services provided by the independent auditor.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">II.</font></b><b><font size="1" style="font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>RESPONSIBILITY</b></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Responsibility for the
implementation of this Policy rests with the Audit Committee.&#160; The Audit Committee delegates its
responsibility for administration of this policy to management.&#160; The Audit Committee shall not delegate its
responsibilities to pre-approve services performed by the independent auditor
to management.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">III.</font></b><b><font size="1" style="font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>DEFINITIONS</b></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For the purpose of
these policies and procedures and any pre-approvals:</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>&#147;Audit services&#148;
include services that are a necessary part of the annual audit process and any
activity that is a necessary procedure used by the auditor in reaching an
opinion on the financial statements as is required under generally accepted
auditing standards (&#147;GAAS&#148;), including technical reviews to reach audit
judgment on accounting standards;</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The term &#147;audit services&#148; is broader than those
services strictly required to perform an audit pursuant to GAAS and include
such services as:</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the
issuance of comfort letters and consents in connections with offerings of
securities;</p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the
performance of domestic and foreign statutory audits;</p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">iii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Attest
services required by statute or regulation;</p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">iv)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Internal
control reviews; and</p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">v)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Assistance
with and review of documents filed with the Canadian Securities administrators,
the Securities and Exchange Commission and other regulators </p>

<p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>

</div>
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<div style="font-family:Times New Roman;">

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">having jurisdiction over Suncor and its subsidiaries,
and responding to comments from such regulators;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>&#147;Audit-related
services&#148; are assurance (e.g. due diligence services) and related services
traditionally performed by the external auditors and that are reasonably
related to the performance of the audit or review of financial statements and
not categorized under &#147;audit fees&#148; for disclosure purposes.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Audit-related services&#148;
include:</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>employee benefit
plan audits, including audits of employee pension plans;</p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>due diligence related
to mergers and acquisitions;</p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">iii)</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font>consultations and audits in connection with acquisitions,
including evaluating the accounting treatment for proposed transactions;</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">iv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>internal control
reviews;</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">v)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>attest services not
required by statute or regulation; and</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">vi)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>consultations regarding
financial accounting and reporting standards;</p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Non-financial operational
audits are not &#147;audit-related&#148; services;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>&#147;Tax services&#148;
include but are not limited to services related to the preparation of corporate
and/or personal tax filings, tax due diligence as it pertains to mergers,
acquisitions and/or divestitures and tax planning;</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>&#147;All other services&#148;
consist of any other work that is neither an Audit service, nor an
Audit-Related service nor a Tax service, the provision of which by the
independent auditor is not expressly prohibited by Rule&nbsp;2-01(c)(7)&nbsp;of
Regulation S-X under the Securities and Exchange Act of 1934, as amended. (See
Appendix A for a summary of the prohibited services.)</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IV.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>GENERAL POLICY</p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following general
policy applies to all services provided by the independent auditor:</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>All services to be
provided by the independent auditor will require specific pre-approval by the
Audit Committee.&#160; The Audit Committee
will not approve engaging the independent auditor for services which can
reasonably be classified as &#147;tax services&#148; or &#147;all other services&#148; unless a
compelling business case can be made for retaining the independent auditor
instead of another service provider.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Audit Committee
will not provide pre-approval for services to be provided in excess of twelve
months from the date of the pre-approval, unless the Audit Committee
specifically provides for a different period.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Audit Committee
has delegated authority to pre-approve services with an estimated cost not
exceeding $100,000 in accordance with this Policy to the Chairman of the Audit
Committee. The delegate member of the Audit Committee must report any
pre-approval decision to the Audit Committee at its next meeting.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Chairman of the
Audit Committee may delegate his authority to pre-approve services to another
sitting member of the Audit Committee provided that the recipient has also </p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">been delegated the authority to act as Chairman of the
Audit Committee in the Chairman&#146;s absence.&#160;
A resolution of the Audit Committee is required to evidence the
Chairman&#146;s delegation of authority to another Audit Committee member under this
policy.</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Audit Committee
will, from time to time, but no less than annually, review and pre-approve the
services that may be provided by the independent auditor.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Audit Committee
must establish pre-approval fee levels for services provided by the independent
auditor on an annual basis.&#160; On at least
a quarterly basis, the Audit Committee will be provided with a detailed summary
of fees paid to the independent auditor and the nature of the services provided
and a forecast of fees and services that are expected to be provided during the
remainder of the fiscal year.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Audit Committee
will not approve engaging the independent auditor to provide any prohibited
non-audit services as set forth in Appendix A.</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Audit Committee
shall evidence their pre-approval for services to be provided by the
independent auditor as follows:</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>In situations where
the Chairman of the Audit Committee pre-approves work under his delegation of
authority, the Chairman will evidence his pre-approval by signing and dating
the pre-approval request form, attached as Appendix B.&#160; If it is not practicable for the Chairman to
complete the form and transmit it to the Company prior to engagement of the
independent audit, the Chairman may provide verbal or email approval of the
engagement, followed up by completion of the request form at the first
practical opportunity.</p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>In all other
situations, a resolution of the Audit Committee is required.</p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>All audit and
non-audit services to be provided by the independent auditors shall be provided
pursuant to an engagement letter that shall:</p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>be in writing and
signed by the auditors</p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>specify the particular
services to be provided</p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>specify the period in
which the services will be performed</p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>specify the estimated
total fees to be paid, which shall not exceed the estimated total fees approved
by the Audit Committee pursuant to these procedures, prior to application of
the 10% overrun.</p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>include a
confirmation by the auditors that the services are not within a category of
services the provision of which would impair their independence under applicable
law and Canadian and U.S. generally accepted accounting standards.</p>

<p align="left" style="margin:0in 0in .0001pt 1.0in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.5in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Audit Committee
pre-approval permits an overrun of fees pertaining to a particular engagement
of no greater than 10% of the estimate identified in the associated engagement letter.&#160; The intent of the overrun authorization is to
ensure on an interim basis only, that services can continue pending a review of
the fee estimate and if required, further Audit Committee approval of the
overrun.&#160; If an overrun is expected to
exceed the 10% threshold, as soon as the overrun is identified, the Audit
Committee or its designate must be notified and an additional pre-approval
obtained prior to the engagement continuing.</p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in .05in .0001pt 0in;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>

</div>
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<div>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">V.</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RESPONSIBILITIES OF EXTERNAL
  AUDITORS</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To support the independence process, the independent
  auditors will:</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Confirm in each engagement letter that performance
  of the work will not impair independence;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Satisfy the Audit Committee that they have in place
  comprehensive internal policies and processes to ensure adherence,
  world-wide, to independence requirements, including robust monitoring and
  communications;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Provide communication and confirmation to the Audit
  Committee regarding independence on at least a quarterly basis;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Maintain registration by the Canadian Public
  Accountability Board and the U.S. Public Company Accounting Oversight Board;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Review their partner rotation plan and advise the
  Audit Committee on an annual basis.</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, the external auditors will:</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Provide regular, detailed fee reporting including
  balances in the &#147;Work in Progress&#148; account;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Monitor fees and notify the Audit Committee as soon
  as a potential overrun is identified.</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">VI.</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">DISCLOSURES</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.84%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.74%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suncor will, as required by applicable law, annually
  disclose its pre-approval policies and procedures, and will provide the
  required disclosure concerning the amounts of audit fees, audit-related fees,
  tax fees and all other fees paid to its outside auditors in its filings with
  the SEC.</font></p>
  </td>
 </tr>
</table>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*&#160;&#160;&#160;&#160; *&#160;&#160;&#160;&#160; *</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix A</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Prohibited Non-Audit Services</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">An external auditor is not independent if, at any point during the audit
and professional engagement period, the auditor provides the following
non-audit services to an audit client.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Bookkeeping or other services related to the
accounting records or financial statements of the audit client.</font></i><font size="2" style="font-size:10.0pt;">&#160;
Any service, unless it is reasonable to conclude that the results of
these services will not be subject to audit procedures during an audit of
Suncor&#146;s financial statements, including:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Maintaining or preparing the audit client&#146;s accounting
records;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Preparing Suncor&#146;s financial statements that are filed
with the Securities and Exchange Commission (&#147;SEC&#148;) or that form the basis of
financial statements filed with the SEC; or</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Preparing or originating source data underlying Suncor&#146;s
financial statements.</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Financial information systems design and
implementation.</font></i><font size="2" style="font-size:10.0pt;">&#160; Any service, unless it is reasonable to
conclude that the results of these services will not be subject to audit
procedures during an audit of Suncor&#146;s financial statements, including:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Directly or indirectly operating, or supervising the
operation of, Suncor&#146;s information system or managing Suncor&#146;s local area
network; or</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Designing or implementing a hardware or software
system that aggregates source data underlying the financial statements or
generates information that is significant to Suncor&#146;s financial statements or
other financial information systems taken as a whole.</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Appraisal or valuation services, fairness opinions
or contribution-in-kind reports.</font></i><font size="2" style="font-size:10.0pt;">&#160; Any appraisal
service, valuation service or any service involving a fairness opinion or
contribution-in-kind report for Suncor, unless it is reasonable to conclude
that the results of these services will not be subject to audit procedures
during an audit of Suncor&#146;s financial statements.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Actuarial services.</font></i><font size="2" style="font-size:10.0pt;">&#160; Any
actuarially-oriented advisory service involving the determination of amounts
recorded in the financial statements and related accounts for Suncor other than
assisting Suncor in understanding the methods, models, assumptions, and inputs
used in computing an amount, unless it is reasonable to conclude that the
results of these services will not be subject to audit procedures during an
audit of Suncor&#146;s financial statements.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Internal audit outsourcing services.</font></i><font size="2" style="font-size:10.0pt;">&#160;
Any internal audit service that has been outsourced by Suncor that
relates to Suncor&#146;s internal accounting controls, financial systems, or
financial statements, unless it is reasonable to conclude that the result of
these services will not be subject to audit procedures during an audit of
Suncor&#146;s financial statements.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Management functions.</font></i><font size="2" style="font-size:10.0pt;">&#160;
Acting, temporarily or permanently, as a director, officer, or employee
of Suncor, or performing any decision-making, supervisory, or ongoing
monitoring function for Suncor.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Human resources.</font></i></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Searching for or seeking out prospective candidates
for managerial, executive, or director positions;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Engaging in psychological testing, or other formal
testing or evaluation programs;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Undertaking reference checks of prospective candidates
for an executive or director position;</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Acting as a negotiator on Suncor&#146;s behalf, such as
determining position, status or title, compensation, fringe benefits, or other
conditions of employment; or</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Recommending, or advising Suncor to hire a specific candidate
for a specific job (except that an accounting firm may, upon request by Suncor,
interview candidates and advise Suncor on the candidate&#146;s competence for
financial accounting, administrative, or control positions.)</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">&nbsp;</font></i></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Broker-dealer, investment adviser or investment
banking services.</font></i><font size="2" style="font-size:10.0pt;">&#160; Acting as a broker-dealer (registered or
unregistered), promoter, or underwriter, on behalf of Suncor, making investment
decisions on behalf of Suncor or otherwise having discretionary authority over
Suncor&#146;s investments, executing a transaction to buy or sell Suncor&#146;s
investment, or having custody of Suncor&#146;s assets, such as taking temporary
possession of securities purchased by Suncor.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Legal services.</font></i><font size="2" style="font-size:10.0pt;">&#160; Providing any
service to Suncor that, under circumstances in which the service is provided,
could be provided only by someone licensed, admitted, or otherwise qualified to
practice law in the jurisdiction in which the service is prohibited.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Expert services unrelated to the audit.</font></i><font size="2" style="font-size:10.0pt;">&#160;
Providing an expert opinion or other expert service for Suncor, or
Suncor&#146;s legal representative, for the purpose of advocating Suncor&#146;s interest
in litigation or in a regulatory or administrative proceeding or
investigation.&#160; In any litigation or
regulatory or administrative proceeding or investigation, an accountant&#146;s
independence shall not be deemed to be impaired if the accountant provides
factual accounts, including testimony, of work performed or explains the
positions taken or conclusions reached during the performance of any service
provided by the accountant for Suncor.</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix B</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Pre-approval Request Form</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="1" cellspacing="0" cellpadding="0" width="100%" style="border:none;border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="76%" valign="top" style="border:solid windowtext 1.0pt;border-right:none;padding:0in 0in 0in 0in;width:76.5%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NATURE OF WORK</font></p>
  </td>
  <td width="2%" valign="bottom" style="border:solid windowtext 1.0pt;border-left:none;padding:0in 0in 0in 0in;width:2.66%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="border:solid windowtext 1.0pt;border-left:none;padding:0in 0in 0in 0in;width:20.84%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ESTIMATED FEES <br>
  (Cdn $)</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:none;border-top:none;padding:0in 0in 0in 0in;width:76.5%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:2.66%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:20.84%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:none;border-top:none;padding:0in 0in 0in 0in;width:76.5%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:2.66%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:20.84%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:none;border-top:none;padding:0in 0in 0in 0in;width:76.5%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:2.66%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:20.84%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:none;border-top:none;padding:0in 0in 0in 0in;width:76.5%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Total</font></p>
  </td>
  <td width="2%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:2.66%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:20.84%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="34%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:34.1%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="34%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:34.74%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="34%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:34.1%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date</font></p>
  </td>
  <td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.08%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="34%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:34.74%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Signature</font></p>
  </td>
 </tr>
</table>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>

</div>
<!-- ZEQ.=1,SEQ=69,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=948899,FOLIO='1',FILE="DISK125:[08ZAS2.08ZAS76702]6667-2-BK_ZAS76702.CHC",USER="STOTHA",CD='Mar  3 11:37 2008' -->


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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SCHEDULE &#147;B&#148;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AUDIT COMMITTEE CHARTER</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Audit Committee</font></u></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The by-laws of Suncor Energy Inc. provide that the
Board of Directors may establish Board committees to whom certain duties may be
delegated by the Board.&#160; The Board has
established, among others, the Audit Committee, and has approved this mandate,
which sets out the objectives, functions and responsibilities of the Audit
Committee.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Objectives</font></u></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Audit Committee assists the Board of Directors by:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">monitoring
the effectiveness and integrity of the Corporation&#146;s financial reporting
systems, management information systems and internal control systems, and by
monitoring financial reports and other financial matters.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">selecting,
monitoring and reviewing the independence and effectiveness of, and where
appropriate replacing, subject to shareholder approval as required by law,
external auditors, and ensuring that external auditors are ultimately
accountable to the Board of Directors and to the shareholders of the
Corporation.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Reviewing
the effectiveness of the internal auditors; and</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">approving
on behalf of the Board of Directors certain financial matters as delegated by
the Board, include the matters outlined in this mandate.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Committee does not have decision-making authority,
except in the very limited circumstances described herein or where and to the
extent that such authority is expressly delegated by the Board of
Directors.&#160; The Committee conveys its
findings and recommendations to the Board of Directors for consideration and,
where required, decision by the Board of Directors.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Constitution</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Terms of Reference of
Suncor&#146;s Board of Directors set out requirements for the composition of Board
Committees and the qualifications for Committee membership, and specify that
the chair and membership of the Committees are determined annually by the
Board.&#160; As required by Suncor&#146;s by-laws,
unless otherwise determined by resolution of the board of directors, a majority
of the members of a committee constitute a quorum for meetings of committees,
and in all other respects, each committee determines its own rules&nbsp;of
procedure.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Functions
and Responsibilities</font></i></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Committee has the
following functions and responsibilities:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Internal
Controls</font></i></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Enquire
as to the adequacy of the Corporation&#146;s system of internal controls, and review
the evaluation of internal controls by internal auditors, and the evaluation of
financial and internal controls by external auditors.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Review
management&#146;s monitoring of compliance with the Corporation&#146;s Code of Business
Conduct.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>

</div>
<!-- ZEQ.=1,SEQ=70,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="1",CHK=683777,FOLIO='1',FILE="DISK125:[08ZAS2.08ZAS76702]6667-2-BK_ZAS76702.CHC",USER="STOTHA",CD='Mar  3 11:37 2008' -->


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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-align:justify;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Establish
procedures for the confidential submission by employees of complaints relating
to any concerns with accounting, internal control, auditing or Standards of
Business Conduct Code matters, and periodically review a summary of complaints
and their related resolution.</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-align:justify;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Review
the findings of any significant examination by regulatory agencies concerning
the Corporation&#146;s financial matters.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-align:justify;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Periodically review
management&#146;s governance processes for information technology resources, to
assess their effectiveness in addressing the integrity, the protection and the
security of the Corporation&#146;s electronic information systems and records.</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-align:justify;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-align:justify;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Review the
management practices in effect over officers&#146; expenses and perquisites.</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="line-height:normal;margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">External
and Internal Auditors</font></i></b></p>

<p align="left" style="line-height:normal;margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="line-height:normal;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" face="Times New Roman" style="font-size:10.0pt;">Evaluate
the performance of the external auditors and initiate and approve the
engagement or termination of the external auditors, subject to shareholder
approval as required by applicable law.</font></p>

<p style="line-height:normal;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="line-height:normal;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" face="Times New Roman" style="font-size:10.0pt;">Review
the audit scope and approach of the external auditors, and approve their terms
of engagement and fees.</font></p>

<p style="line-height:normal;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="line-height:normal;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" face="Times New Roman" style="font-size:10.0pt;">Review any relationships
or services that may impact the objectivity and independence of the external
auditor, including annual review of the auditor&#146;s written statement of all
relationships between the auditor (including its affiliates) and the
Corporation; review and approve all engagements for non-audit services to be
provided by external auditors or their affiliates.</font></p>

<p style="line-height:normal;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Review
the external auditor&#146;s quality control procedures including any material issues
raised by the most recent quality control review or peer review and any issues
raised by a government authority or professional authority investigation of the
external auditor, providing details on actions taken by the firm to address
such issues.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Review
and approve the appointment or termination of the Director, Internal Audit, and
annually review a summary of the remuneration and performance of the Director,
Internal Audit.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Review
the Internal Audit Department Charter, and the plans, activities,
organisational structure and qualifications of the internal auditors, and
monitor the department&#146;s performance and independence.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-align:justify;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Provide an open avenue
of communication between management, the internal auditors or the external
auditors, and the Board of Directors.</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Financial Reporting and other
Public Disclosure</font></i></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-align:justify;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Review external
auditor&#146;s management comment letter and management&#146;s responses thereto, and
enquire as to any disagreements between management and external auditors or
restrictions imposed by management on external auditors. Review any unadjusted
differences brought to the attention of management by the external auditor and
the resolution of same.</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-align:justify;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-align:justify;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Review with
management and external auditors the financial materials and other disclosure
documents referred to in paragraph 16, including any significant financial
reporting issues, the presentation and impact of significant risks and uncertainties,
and key estimates and judgements of management that may be material to
financial reporting including alternative treatments and their impacts.</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-align:justify;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-33.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Review and approve
the Corporation&#146;s interim consolidated financial statements and accompanying management&#146;s
discussion and analysis (&#147;MD&amp;A&#148;).&#160;
Review and make recommendations to the Board of Directors on approval of
the Corporation&#146;s annual audited </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">financial statements and MD&amp;A, Annual Information Form&nbsp;and
Form&nbsp;40-F.&#160; Review other material
annual and quarterly disclosure documents or regulatory filings containing or
accompanying audited or unaudited financial information.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-33.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-33.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Review and approve
the Corporation&#146;s policy on external communication and disclosure of material
information, including the form and generic content of any quarterly earnings
guidance and of any financial disclosure provided to investment analysts and
rating agencies.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-33.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-align:justify;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Review any change
in the Corporation&#146;s accounting policies.</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-align:justify;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-align:justify;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Review with legal
counsel any legal matters having a significant impact on the financial reports.</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Oil and Gas Reserves</font></i></b></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Review
with reasonable frequency Suncor&#146;s procedures for:</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(A)&nbsp;&nbsp;the disclosure in accordance with
applicable law of information with respect to Suncor&#146;s oil and gas activities
including procedures for complying with applicable disclosure requirements;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(B)&nbsp;&nbsp;providing information to the qualified
reserves evaluators (&#147;Evaluators&#148;) engaged annually by Suncor to evaluate
Suncor&#146;s reserves data for the purpose of public disclosure of such data in
accordance with applicable law.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Annually
approve the appointment and terms of engagement of the company&#146;s Evaluator,
including the qualifications and independence of the Evaluator; Review and
approve any proposed change in the appointment of the Evaluator, and the
reasons for such proposed change including whether there have been disputes
between the Evaluator and the Company&#146;s management.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Annually
review Suncor&#146;s reserves data and the report of the Evaluator thereon; Annually
review and make recommendations to the Board of Directors on the approval of (i)&nbsp;the
content and filing by the Company of a statement of reserves data (&#147;Statement&#148;)
and report of management and the directors thereon to be included in or filed
with the Statement, and (ii)&nbsp;the filing of the report of the Evaluator to
be included in or filed with the Statement, all in accordance with applicable
law.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="line-height:normal;margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Risk
Management</font></i></b></p>

<p align="left" style="line-height:normal;margin:0in 0in .0001pt;text-align:left;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="line-height:normal;margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" face="Times New Roman" style="font-size:10.0pt;">Periodically
review the policies and practices of the Corporation respecting cash
management, financial derivatives, financing, credit, insurance, taxation,
commodities trading and related matters.&#160;
Oversee the Board&#146;s risk management governance model by conducting
periodic reviews with the objective of appropriately reflecting the principal
risks of the Corporation&#146;s business in the mandate of the Board and its
committees.</font></p>

<p align="left" style="line-height:normal;margin:0in 0in .0001pt .5in;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-indent:-36.6pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Pension Plan</font></i></b></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Review the assets,
financial performance, funding status, investment strategy and actuarial
reports of the Corporation&#146;s pension plan including the terms of engagement of
the plan&#146;s actuary and fund manager.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Security</font></i></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">25.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Review on a summary
basis any significant physical security management, IT security or business
recovery risks and strategies to address such risks.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-indent:-36.6pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Other Matters</font></i></b></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-align:justify;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">26.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Conduct any
independent investigations into any matters which come under its scope of </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">responsibilities.</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">27.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Review
any recommended appointees to the office of Chief Financial Officer. </font><font size="2" style="font-size:10.0pt;">Review and/or approve other financial
matters delegated specifically to it by the Board of Directors.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-indent:-36.6pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Reporting to the Board</font></i></b></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-align:justify;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">28.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Report to the Board
of Directors on the activities of the Committee with respect to the foregoing
matters as required at each Board meeting and at any other time deemed
appropriate by the Committee or upon request of the Board of Directors.</font></p>

<p style="margin:0in 0in .0001pt 36.6pt;text-indent:-36.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">As adopted by resolution of the
Board of Directors.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Revision Dated January&nbsp;26,
2006</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM&nbsp;51-101F3</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">REPORT OF MANAGEMENT AND
DIRECTORS</font></i></b></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">ON RESERVES DATA AND OTHER
INFORMATION</font></i></b></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This is the form referred to in item 3 of section 2.1 of National
Instrument 51-101 <i>Standards of Disclosure for Oil and Gas
Activities </i>(&#147;<i>NI 51-101</i>&#148;), as
amended pursuant to the MRRS Decision Document dated December&nbsp;22, 2003, <i>In the
Matter of Suncor Energy Inc.</i> (the &#147;Decision Document&#148;).</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Terms to which a meaning is ascribed in the Decision Document have the
same meaning in this form.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Management of Suncor Energy Inc. (the &#147;Company&#148;) are responsible for
the preparation and disclosure of information with respect to the Company&#146;s oil
and gas and surface mineable oil sands activities in accordance with securities
regulatory requirements.&#160; This
information includes reserves data, which consist of the following:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">proved working interest oil and gas
reserve quantities relating to oil and gas operations, other than mining,
estimated as at December&nbsp;31, 2007 using constant dollar cost and pricing
assumptions as of a point in time, namely December&nbsp;31, 2007, and the
related standardized measure;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">proved and probable working interest oil
reserve quantities relating to surface mineable oil sands operations estimated
as at December&nbsp;31, 2007;&#160; and</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">proved and probable working interest oil
and gas reserve quantities relating to Firebag in-situ leases, estimated as at December&nbsp;31,
2007 using constant dollar cost and pricing assumptions, generally intended to
represent a normalized annual average for the year in accordance with CSA Staff
Notice 51-315.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">GLJ Petroleum Consultants Ltd., independent qualified reserves
evaluators, have evaluated the Company&#146;s reserves data.&#160; The report of the independent qualified
reserves evaluators will be filed with securities regulatory authorities
concurrently with this report.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Audit Committee of the board of directors of the Company has</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">reviewed the Company&#146;s procedures for
providing information to the independent qualified reserves evaluators;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">met with the independent qualified
reserves evaluators to determine whether any restrictions affected the ability
of the independent qualified reserves evaluators to report without reservation;
and</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">reviewed the reserves data with
management and the independent qualified reserves evaluators.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Audit Committee of the board of directors has reviewed the Company&#146;s
procedures for assembling and reporting other information associated with oil
and gas and surface mineable oil sands activities and has reviewed that
information with management.&#160; The board
of directors has, on the recommendation of the Audit Committee, approved</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the content and filing with securities
regulatory authorities of the reserves data and other oil and gas and surface
mineable oil sands information;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the filing of the report of the
independent qualified reserves evaluators on the reserves data; and</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the content and filing of this report.</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>

</div>
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<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Because the reserves data are based on judgments regarding future
events, actual results will vary and the variations may be material.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;RICHARD L. GEORGE&#148;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RICHARD L. GEORGE</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President and Chief Executive Officer</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;J. KENNETH ALLEY&#148;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">J. KENNETH ALLEY</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Senior Vice President and Chief Financial Officer</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;JOHN T. FERGUSON&#148;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">JOHN T. FERGUSON</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chairman of the Board of Directors</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;BRIAN A. CANFIELD&#148;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">BRIAN A. CANFIELD</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chairman of the Audit Committee</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March&nbsp;3</font><font size="2" style="font-size:10.0pt;">, 2008</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

</div>
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<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">REPORT
ON RESERVES DATA</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">BY
INDEPENDENT QUALIFIED RESERVES</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EVALUATOR</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suncor Energy Inc.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">P.O.&nbsp;Box 38</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">112 &#150; 4th Avenue S.W.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Calgary, AB T2P 2V5</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Board of Directors of Suncor Energy
Inc.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:left;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Re:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Form&nbsp;51-101F2, as modified in
accordance with exemptions from<br>
National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (&#147;NI
51-101&#148;)<br>
contained in the MRRS Decision Document dated December&nbsp;22, 2003,<br>
In the Matter of Suncor Energy Inc. (the &#147;Decision Document&#148;)</font></p>

<p style="margin:0in 0in .0001pt .5in;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We are providing this report in accordance with the terms of the
Decision Document and any capitalized terms, not otherwise defined in this
report, shall have the same meaning as set out in the Decision Document.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We have evaluated the Company&#146;s reserves data as at December&nbsp;31,
2007. The reserves data consist of the following:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proved working interest oil and gas reserve quantities relating to oil
and gas operations, other than mining, estimated as at December&nbsp;31, 2007
using constant dollar cost and pricing assumptions as of a point in time,
namely December&nbsp;31, 2007, and the related standardized measure; proved and
probable working interest oil reserve quantities relating to surface mineable
oil sands operations estimated as at December&nbsp;31, 2007; and proved and
probable working interest oil reserves quantities relating to Firebag in-situ
leases, estimated as at December&nbsp;31, 2007 using constant dollar cost and
pricing assumptions.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The reserves data are the responsibility of the Company&#146;s management.
Our responsibility is to express an opinion on the reserves data based on our
evaluation.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We evaluated or reviewed the Company&#146;s estimates of reserves and
related future net revenue (or, where applicable, related standardized measure
of discounted future net cash flows (the standardized measure)) in accordance
with the standards set out in the Canadian Oil and Gas Evaluation Handbook (the
&#147;COGE Handbook&#148;) modified to the extent necessary to reflect the terminology
and standards of the US Disclosure Requirements.</font></p>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>

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<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Those standards require that we plan and perform an evaluation to
obtain reasonable assurance as to whether the reserves data are free of
material misstatement. An evaluation also includes assessing whether the
reserves data are in accordance with principles and definitions presented in
the COGE Handbook, as modified to the extent necessary to reflect the
terminology and standards of the US Disclosure Requirements.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following table sets forth the estimated standardized measure of
future cash flows (before deducting income taxes) attributed to proved oil and
gas reserve quantities not related to mining operations, estimated using
constant prices and costs and calculated using a discount rate of 10 percent,
included in the reserves data of the Company evaluated for the year ended, December&nbsp;31,
2007:</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="1" cellspacing="0" cellpadding="0" width="100%" style="border:none;border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="48%" colspan="2" valign="top" style="border:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.28%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="51%" colspan="3" valign="top" style="border:solid windowtext 1.0pt;border-left:none;padding:0in 0in 0in 0in;width:51.72%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Standardized Measure of
  Future Cash Flows for<br>
  Proved Oil and Gas Reserve Quantities (before<br>
  income taxes, 10% discount rate)</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="border:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:22.46%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Preparation Date of
  Report</font></p>
  </td>
  <td width="25%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:25.82%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Location of Reserves</font></p>
  </td>
  <td width="18%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:18.72%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Evaluated</font></p>
  </td>
  <td width="15%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:15.62%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Reviewed</font></p>
  </td>
  <td width="17%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:17.38%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Total</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="border:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:22.46%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">February&nbsp;11, 2008</font></p>
  </td>
  <td width="25%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:25.82%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Canada</font></p>
  </td>
  <td width="18%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:18.72%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">$1,108 million <br>
  (94%)</font></p>
  </td>
  <td width="15%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:15.62%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">$75 million <br>
  (6%)</font></p>
  </td>
  <td width="17%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:17.38%;">
  <p align="left" style="margin:0in 0in .0001pt 5.75pt;page-break-after:auto;text-align:left;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">$1,183 million <br>
  (100%)</font></p>
  </td>
 </tr>
</table>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, all proved plus probable company gross and net reserves
have been evaluated for Suncor&#146;s oil sands mining properties located in Canada
and all reserves and resources have been evaluated or reviewed for all of
Suncor&#146;s oil and gas plus mining operations.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In our opinion, the reserves data evaluated by us have, in all material
respects, been determined and are in accordance with the COGE Handbook, as
modified or amended as set out above. We express no opinion on the reserves
data that we reviewed but did not audit or evaluate.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We have no responsibility to update our reports evaluating reserves
data of the Company by us for the year ended December&nbsp;31, 2007 for events and
circumstances occurring after the preparation dates of our reports.</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Reserves are estimates only, and not exact quantities. Because the
reserves data are based on judgments regarding future events, actual results
will vary and the variations may be material.</font></p>

<p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="34%" valign="top" style="padding:0in 0in 0in 0in;width:34.7%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.04%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.26%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executed as to our report referred to above:</font></p>
  </td>
 </tr>
 <tr>
  <td width="34%" valign="top" style="padding:0in 0in 0in 0in;width:34.7%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.04%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.26%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="34%" valign="top" style="padding:0in 0in 0in 0in;width:34.7%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.04%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.26%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">GLJ PETROLEUM CONSULTANTS LTD.</font></p>
  </td>
 </tr>
 <tr>
  <td width="34%" valign="top" style="padding:0in 0in 0in 0in;width:34.7%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.04%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.26%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="34%" valign="top" style="padding:0in 0in 0in 0in;width:34.7%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.04%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.26%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ORIGINALLY SIGNED BY</font></p>
  </td>
 </tr>
 <tr>
  <td width="34%" valign="top" style="padding:0in 0in 0in 0in;width:34.7%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.04%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.26%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="34%" valign="top" style="padding:0in 0in 0in 0in;width:34.7%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.04%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.26%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dana B. Laustsen, P.
  Eng.</font></p>
  </td>
 </tr>
 <tr>
  <td width="34%" valign="top" style="padding:0in 0in 0in 0in;width:34.7%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.04%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.26%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive Vice-President</font></p>
  </td>
 </tr>
 <tr>
  <td width="34%" valign="top" style="padding:0in 0in 0in 0in;width:34.7%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.04%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.26%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="34%" valign="top" style="padding:0in 0in 0in 0in;width:34.7%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Calgary, Alberta, Canada</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.04%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.26%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="34%" valign="top" style="padding:0in 0in 0in 0in;width:34.7%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March&nbsp;3, 2008</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.04%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.26%;">
  <p align="left" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

</div>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da76701_undertaking_and_consent_to_service_of_process"> </A>
<A NAME="toc_da76701_1"> </A>
<BR></FONT><FONT SIZE=2><B>UNDERTAKING AND CONSENT TO SERVICE OF PROCESS    <BR>    </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B>A.&nbsp;&nbsp;&nbsp;&nbsp;Undertaking  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Suncor Energy&nbsp;Inc. (the&nbsp;"Registrant") undertakes to make available, in person or by telephone, representatives to respond to inquiries made by the
staff of the Securities and Exchange Commission ("SEC"), and to furnish promptly, when requested to do so by the SEC staff, information relating to the securities in relation to which the obligation
to file an annual report on Form&nbsp;40-F arises, or&nbsp;transactions in said securities. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B>B.&nbsp;&nbsp;&nbsp;&nbsp;Consent to Service of Process  </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant has filed previously with the SEC a Form&nbsp;F-X in connection with the Common&nbsp;Shares. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da76701_disclosure_controls_and_proced__dis03315"> </A>
<A NAME="toc_da76701_2"> </A>
<BR></FONT><FONT SIZE=2><B>DISCLOSURE CONTROLS AND PROCEDURES AND INTERNAL CONTROL OVER<BR>  FINANCIAL REPORTING    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See page&nbsp;31 of Exhibit&nbsp;99-2. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da76701_audit_committee_financial_expert"> </A>
<A NAME="toc_da76701_3"> </A>
<BR></FONT><FONT SIZE=2><B>AUDIT COMMITTEE FINANCIAL EXPERT    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See pages&nbsp;49 and&nbsp;50 of Annual Information Form. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da76701_code_of_ethics"> </A>
<A NAME="toc_da76701_4"> </A>
<BR></FONT><FONT SIZE=2><B>CODE OF ETHICS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See page&nbsp;51 of Annual Information Form. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da76701_fees_paid_to_principal_accountant"> </A>
<A NAME="toc_da76701_5"> </A>
<BR></FONT><FONT SIZE=2><B>FEES PAID TO PRINCIPAL ACCOUNTANT    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See page&nbsp;48 of Annual Information Form. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da76701_audit_committee_pre-approval_policies"> </A>
<A NAME="toc_da76701_6"> </A>
<BR></FONT><FONT SIZE=2><B>AUDIT COMMITTEE PRE-APPROVAL POLICIES    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See Schedule&nbsp;"A" of Annual Information Form. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da76701_approval_of_non-audit_services"> </A>
<A NAME="toc_da76701_7"> </A>
<BR></FONT><FONT SIZE=2><B>APPROVAL OF NON-AUDIT SERVICES    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See page&nbsp;48 of Annual Information Form. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da76701_off-balance_sheet_arrangements"> </A>
<A NAME="toc_da76701_8"> </A>
<BR></FONT><FONT SIZE=2><B>OFF-BALANCE SHEET ARRANGEMENTS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See page&nbsp;19 of Exhibit&nbsp;99-2. </FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dc76701_tabular_disclosure_of_contractual_obligations"> </A>
<A NAME="toc_dc76701_1"> </A>
<BR></FONT><FONT SIZE=2><B>TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See page&nbsp;17 of Exhibit&nbsp;99-2. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dc76701_identification_of_the_audit_committee"> </A>
<A NAME="toc_dc76701_2"> </A>
<BR></FONT><FONT SIZE=2><B>IDENTIFICATION OF THE AUDIT COMMITTEE    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See page&nbsp;49 of Annual Information Form. </FONT></P>

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<P style='font-family:times;page-break-before:always'></p>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
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<A NAME="toc_de76701_1"> </A>
<BR></FONT><FONT SIZE=2><B>SIGNATURES    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Exchange Act, the registrant certifies that it meets all of the requirements for filing on Form&nbsp;40-F
and&nbsp;has duly caused this annual report to be signed on its behalf by the undersigned, thereto duly authorized. </FONT></P>

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<TD WIDTH="53%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:times;"><FONT SIZE=2><B>SUNCOR ENERGY&nbsp;INC.</B></FONT></TD>
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<TD WIDTH="53%" style="font-family:times;"><BR><FONT SIZE=2> DATE: March&nbsp;4, 2008</FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:times;"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="39%" style="font-family:times;"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
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<TD WIDTH="53%" style="font-family:times;"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:times;"><FONT SIZE=2><BR>
PER:</FONT></TD>
<TD WIDTH="39%" ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>J. KENNETH ALLEY</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> J. Kenneth Alley<BR>
Senior Vice President and Chief<BR>
Financial Officer</FONT></TD>
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<BR></FONT><FONT SIZE=2><B>EXHIBIT INDEX    <BR>    </B></FONT></P>

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<TH WIDTH="9%" ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1><B>Exhibit No.<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="89%" ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1><B>Description</B></FONT><HR NOSHADE></TH>
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<TD WIDTH="9%" ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2> 99-1</FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="89%" style="font-family:times;"><FONT SIZE=2>Audited Consolidated Financial Statements of Suncor Energy&nbsp;Inc. for the fiscal year ended December&nbsp;31, 2007, including reconciliation to U.S.&nbsp;GAAP (Note&nbsp;20)</FONT></TD>
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<TD WIDTH="9%" ALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2> 99-2</FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%" style="font-family:times;"><FONT SIZE=2><BR>
Management's Discussion and Analysis for the fiscal year ended December&nbsp;31, 2007, dated February&nbsp;27, 2008</FONT></TD>
</TR>
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<TD WIDTH="9%" ALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2> 99-3</FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%" style="font-family:times;"><FONT SIZE=2><BR>
Consent of PricewaterhouseCoopers&nbsp;LLP</FONT></TD>
</TR>
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<TD WIDTH="9%" ALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2> 99-4</FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%" style="font-family:times;"><FONT SIZE=2><BR>
Consent of GLJ Petroleum Consultants&nbsp;Ltd.</FONT></TD>
</TR>
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<TD WIDTH="9%" ALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2> 99-5</FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%" style="font-family:times;"><FONT SIZE=2><BR>
Certificate of President and Chief Executive Officer Pursuant to Exchange Act Rules&nbsp;13a-14(a) or&nbsp;15d-14(a)</FONT></TD>
</TR>
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<TD WIDTH="9%" ALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2> 99-6</FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%" style="font-family:times;"><FONT SIZE=2><BR>
Certificate of Senior Vice President and Chief Financial Officer Pursuant to Exchange Act Rules&nbsp;13a-14(a) or&nbsp;15d-14(a)</FONT></TD>
</TR>
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<TD WIDTH="9%" ALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2> 99-7</FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%" style="font-family:times;"><FONT SIZE=2><BR>
Certificate of the President and Chief Executive Officer Pursuant to 18&nbsp;U.S.C. Section&nbsp;1350, as Enacted Pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002</FONT></TD>
</TR>
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<TD WIDTH="9%" ALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2> 99-8</FONT></TD>
<TD WIDTH="3%" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%" style="font-family:times;"><FONT SIZE=2><BR>
Certificate of the Senior Vice President and Chief Financial Officer Pursuant to 18&nbsp;U.S.C. Section&nbsp;1350, as Enacted Pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002</FONT></TD>
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<BR>
<P><br><A NAME="08ZAS76701_1">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_bc76701_1">SUNCOR ENERGY INC. (Exact name of registrant as specified in its charter)</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_bc76701_2">112 - 4<SUP>th</SUP> Avenue S.W. Box 38 Calgary, Alberta, Canada T2P 2V5 (403) 269-8100</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_bc76701_3">CT Corporation System 111 Eighth Avenue New York, New York, U.S.A. 10011 (212) 894-8940</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_da76701_1">UNDERTAKING AND CONSENT TO SERVICE OF PROCESS</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_da76701_2">DISCLOSURE CONTROLS AND PROCEDURES AND INTERNAL CONTROL OVER FINANCIAL REPORTING</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_da76701_3">AUDIT COMMITTEE FINANCIAL EXPERT</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_da76701_4">CODE OF ETHICS</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_da76701_5">FEES PAID TO PRINCIPAL ACCOUNTANT</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_da76701_6">AUDIT COMMITTEE PRE-APPROVAL POLICIES</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_da76701_7">APPROVAL OF NON-AUDIT SERVICES</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_da76701_8">OFF-BALANCE SHEET ARRANGEMENTS</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dc76701_1">TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dc76701_2">IDENTIFICATION OF THE AUDIT COMMITTEE</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_de76701_1">SIGNATURES</A></FONT><BR>
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<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dg76701_1">EXHIBIT INDEX</A></FONT><BR>
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<TYPE>EX-99.1
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<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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NAME="di76701_exhibit_99-1"> </A>
<A NAME="toc_di76701_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT 99-1    <BR>    </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="di76701_audited_consolidated_financial__aud05333"> </A>
<A NAME="toc_di76701_2"> </A>
<BR></FONT><FONT SIZE=2><B>Audited Consolidated Financial Statements of Suncor Energy&nbsp;Inc. for the fiscal<BR>  year ended December&nbsp;31, 2007, including reconciliation to U.S.&nbsp;GAAP (Note&nbsp;20)    <BR>    </B></FONT></P>

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NAME="page_fa12501_1_49"> </A> </FONT> <FONT SIZE=6><B>

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 </B></FONT><FONT SIZE=1><B>MANAGEMENT'S STATEMENT<BR>
OF RESPONSIBILITY FOR FINANCIAL REPORTING  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The management of Suncor Energy&nbsp;Inc. is responsible for the presentation and preparation of the accompanying consolidated financial statements of Suncor
Energy&nbsp;Inc. on pages&nbsp;53 to&nbsp;90 and all related financial information contained in this Annual Report, including Management's Discussion and&nbsp;Analysis. </FONT></P>


<P style="font-family:;"><FONT SIZE=1>We,
as Suncor Energy&nbsp;Inc.'s Chief Executive Officer and Chief Financial Officer, have certified Suncor's annual disclosure document filed with the United&nbsp;States Securities and Exchange
Commission (Form&nbsp;40-F) as required by the United&nbsp;States Sarbanes-Oxley&nbsp;Act. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
consolidated financial statements have been prepared in accordance with Canadian generally accepted accounting principles. They include certain amounts that are based on estimates and judgments
relating to matters not concluded by year-end. Financial information presented elsewhere in this Annual Report is consistent with that contained in the consolidated financial statements. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>In
management's opinion, the consolidated financial statements have been properly prepared within reasonable limits of materiality and within the framework of the significant accounting policies
adopted by management as summarized on pages&nbsp;53 to&nbsp;57. If alternate accounting methods exist, management has chosen those policies it deems the most appropriate in the circumstances. In
discharging its responsibilities for the integrity and reliability of the financial statements, management maintains and relies upon a system of internal controls designed to ensure that transactions
are properly authorized and recorded, assets are safeguarded against unauthorized use or disposition and liabilities are recognized. These controls include quality standards in hiring and training of
employees, formalized policies and procedures, a corporate code of conduct and associated compliance program designed to establish and monitor conflicts of interest, the integrity of accounting
records and financial information among others, and employee and management accountability for performance within appropriate and well-defined areas of responsibility. </FONT></P>


<P style="font-family:;"><FONT SIZE=1>The
system of internal controls is further supported by the professional staff of an internal audit function who conduct periodic audits of all aspects of the company's operations. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company retains independent petroleum consultants, GLJ Petroleum Consultants&nbsp;Ltd., to conduct independent evaluations of the company's oil and gas&nbsp;reserves and resources. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
Audit Committee of the Board of Directors, currently composed of five independent directors, reviews the effectiveness of the company's financial reporting systems, management information systems,
internal control systems and internal auditors. It recommends to the Board of Directors the external auditors to be appointed by the shareholders at each annual meeting and reviews the independence
and effectiveness of their work. In addition, it reviews with management and the external auditors any significant financial reporting issues, the presentation and impact of significant risks and
uncertainties, and key estimates and judgments of management that may be material for financial reporting purposes. The Audit Committee appoints the independent petroleum consultants. The Audit
Committee meets at least quarterly to review and approve interim financial statements prior to their release, as well as annually to review Suncor's annual financial statements and Management's
Discussion and Analysis, Annual Information Form/Form&nbsp;40-F, and annual reserves and resource estimates, and recommend their approval to the Board of Directors. The internal auditors
and PricewaterhouseCoopers&nbsp;LLP have unrestricted access to the company, the Audit Committee and the Board of&nbsp;Directors. </FONT></P>

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<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
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<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><B>
<IMG SRC="g972448.jpg" ALT="SIG" WIDTH="124" HEIGHT="46">
 </B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><B>
<IMG SRC="g38215.jpg" ALT="SIG" WIDTH="102" HEIGHT="43">
 </B></FONT></TD>
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<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><B>Richard L. George</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><B>J. Kenneth Alley</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1>President and<BR>
Chief Executive Officer</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1>Senior Vice President and<BR>
Chief Financial Officer</FONT></TD>
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<P style="font-family:;"><FONT SIZE=1><I>February&nbsp;27, 2008</I></FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>49</B></FONT></P>

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<P style="font-family:;"><FONT SIZE=1>The
following report is provided by management in respect of the Company's internal control over financial reporting (as&nbsp;defined in Rule13a-15(f) under the U.S.&nbsp;Securities
Exchange Act of 1934): </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING  </B></FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>1.</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Management
is responsible for establishing and maintaining adequate internal control over the Company's financial reporting.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>2.</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Management
has used the Committee of Sponsoring Organizations of the Treadway Commission ("COSO") framework in "Internal Control&nbsp;&#150;&nbsp;Integrated
Framework" to evaluate the effectiveness of the Company's internal control over financial reporting.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>3.</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Management
has assessed the effectiveness of the Company's internal control over financial reporting as of December&nbsp;31, 2007, and has concluded that such internal control over
financial reporting was effective as of that date. Additionally, based on this assessment, management determined that there were no material weaknesses in internal control over financial reporting as
of December&nbsp;31, 2007.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>4.</FONT></DT><DD style="font-family:;"><FONT SIZE=1>The
effectiveness of the Company's internal control over financial reporting as of December&nbsp;31, 2007 has been audited by PricewaterhouseCoopers&nbsp;LLP, independent auditors,
as stated in their report which appears&nbsp;herein. </FONT></DD></DL>

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<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
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<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><B>
<IMG SRC="g972448.jpg" ALT="SIG" WIDTH="124" HEIGHT="46">
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<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><B>
<IMG SRC="g38215.jpg" ALT="SIG" WIDTH="102" HEIGHT="43">
 </B></FONT></TD>
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<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><B>Richard L. George</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><B>J. Kenneth Alley</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1>President and<BR>
Chief Executive Officer</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1>Senior Vice President and<BR>
Chief Financial Officer</FONT></TD>
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<P style="font-family:;"><FONT SIZE=1><I>February&nbsp;27, 2008</I></FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>50</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

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 </B></FONT><FONT SIZE=1><B>INDEPENDENT AUDITORS' REPORT  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>TO THE SHAREHOLDERS OF SUNCOR ENERGY&nbsp;INC.</B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>We
have completed integrated audits of the consolidated financial statements and internal control over financial reporting of Suncor Energy&nbsp;Inc. (the&nbsp;"Company") as of December&nbsp;31,
2007 and 2006 and an audit of its 2005 consolidated financial statements. Our opinions, based on our audits, are presented below. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>Consolidated financial statements  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>We have audited the accompanying consolidated balance sheets of Suncor Energy&nbsp;Inc. as at December&nbsp;31, 2007 and December&nbsp;31, 2006, and the related
consolidated statements of earnings and comprehensive income, cash flows and shareholders' equity for each of the years in the three year period ended December&nbsp;31, 2007. These financial
statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our&nbsp;audits. </FONT></P>


<P style="font-family:;"><FONT SIZE=1>We
conducted our audits of the Company's financial statements as at December&nbsp;31, 2007 and December&nbsp;31, 2006 and for each of the years then ended in accordance with Canadian generally
accepted auditing standards and the standards of the Public Company Accounting Oversight Board (United&nbsp;States). We conducted our audit of the Company's financial statements for the year ended
December&nbsp;31, 2005 in accordance with Canadian generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit of financial statements includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements. A financial statement audit also includes assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our&nbsp;opinion. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>In
our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as at December&nbsp;31, 2007 and
December&nbsp;31, 2006 and the results of its operations and its cash flows for each of the years in the three year period ended December&nbsp;31, 2007 in accordance with Canadian generally
accepted accounting principles. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>Internal control over financial reporting  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>We have also audited the Company's internal control over financial reporting as of December&nbsp;31, 2007, based on criteria established in </FONT><FONT SIZE=1><I>Internal
Control&nbsp;&#150;&nbsp;Integrated Framework</I></FONT><FONT SIZE=1> issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The Company's
management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the
accompanying Management's Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on the effectiveness of the Company's internal control over financial
reporting based on our&nbsp;audit. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>We
conducted our audit of internal control over financial reporting in accordance with the standards of the Public Company Accounting Oversight Board (United&nbsp;States). Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. An audit of internal
control over financial reporting includes obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design
and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we consider necessary in the circumstances. We believe that our audit provides a
reasonable basis for our&nbsp;opinion. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>A
company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (i)&nbsp;pertain
to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii)&nbsp;provide reasonable assurance that
transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are
being made only in accordance with authorizations of management and directors of the company; and (iii)&nbsp;provide reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements. </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>51</B></FONT></P>

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<P style="font-family:;"><FONT SIZE=1>Because
of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are
subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>In
our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December&nbsp;31, 2007 based on criteria established in Internal
Control&nbsp;&#150;&nbsp;Integrated Framework issued by the&nbsp;COSO. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>
<IMG SRC="g129127.jpg" ALT="LOGO" WIDTH="250" HEIGHT="30">
  </B></FONT></P>

<P style="font-family:;"><BR><FONT SIZE=1><B>PricewaterhouseCoopers&nbsp;LLP</B></FONT><FONT SIZE=1><BR>
Chartered Accountants<BR>
Calgary, Alberta </FONT></P>

<P style="font-family:;"><FONT SIZE=1><I>February&nbsp;27, 2008</I></FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>COMMENTS BY AUDITORS FOR U.S.&nbsp;READERS ON CANADA&nbsp;&#150;&nbsp;U.S.&nbsp;REPORTING DIFFERENCES  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>In the United&nbsp;States, reporting standards for auditors require the addition of an explanatory paragraph (following the opinion paragraph) when there is a change in
accounting principles that has a material effect on the comparability of the company's financial statements, such as the changes described in note&nbsp;1 to&nbsp;the consolidated financial
statements. Our report to the shareholders dated February&nbsp;27, 2008 is expressed in accordance with Canadian reporting standards which do not require a reference to such a change in accounting
principles in the Auditors' Report when the change is properly accounted for and adequately disclosed in the financial statements. </FONT></P>


<P style="font-family:;"><FONT SIZE=1><B>
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  </B></FONT></P>

<P style="font-family:;"><BR><FONT SIZE=1><B>PricewaterhouseCoopers&nbsp;LLP</B></FONT><FONT SIZE=1><BR>
Chartered Accountants<BR>
Calgary, Alberta, Canada </FONT></P>

<P style="font-family:;"><FONT SIZE=1><I>February&nbsp;27, 2008</I></FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>52</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

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 </B></FONT><FONT SIZE=1><B>SUNCOR ENERGY&nbsp;INC.<BR>
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Suncor Energy&nbsp;Inc. is a Canadian integrated energy company comprised of three operating segments: oil sands, natural gas, and refining
and&nbsp;marketing. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Oil
sands includes the production of light sweet and light sour crude oil, diesel fuel and various custom blends from oil sands in the Athabasca region of northeastern Alberta, and the marketing of
these products substantially in Canada and the United&nbsp;States. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Natural
gas includes the exploration, acquisition, development, production, transportation and marketing of natural gas and crude oil in Canada and the United&nbsp;States. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Refining
and marketing includes the manufacturing, transportation and marketing of petroleum, petrochemical and biofuel products from our Canadian and United&nbsp;States operations. Canadian
activities are conducted primarily in Ontario and Quebec, while activities in the United&nbsp;States are primarily in&nbsp;Colorado. </FONT></P>


<P style="font-family:;"><FONT SIZE=1>In
addition to the operating segments outlined above, we also report a corporate segment which includes the activities not directly attributable to an operating segment, as well as those of our
self-insurance entity. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
significant accounting policies of the company are summarized below: </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(a)&nbsp;Principles of Consolidation and the Preparation of Financial Statements  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>These consolidated financial statements are prepared and reported in Canadian dollars in accordance with generally accepted accounting principles (GAAP) in Canada, which differ
in some respects from GAAP in the United&nbsp;States. These differences are quantified and explained in note&nbsp;20. </FONT></P>


<P style="font-family:;"><FONT SIZE=1>The
consolidated financial statements include the accounts of Suncor Energy&nbsp;Inc. and its subsidiaries and the company's proportionate share of the assets, liabilities, equity, revenues,
expenses and cash flows of its joint ventures. Subsidiaries are defined as entities in which the company holds a controlling interest, is the general partner or where it is subject to the majority of
expected losses or&nbsp;gains. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
timely preparation of financial statements requires that management make estimates and assumptions, and use judgment regarding assets, liabilities, revenues and expenses. Such estimates primarily
relate to unsettled transactions and events as of the date of the financial statements. Accordingly, actual results may differ from estimated amounts as future confirming events&nbsp;occur. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Certain
prior period comparative figures have been reclassified to conform to the current period presentation. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(b)&nbsp;Cash Equivalents and Investments  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Cash equivalents consist primarily of term deposits, certificates of deposit and all other highly liquid investments with a maturity at the time of purchase of three months or
less. Investments with maturities greater than three months and up to one year are classified as short-term investments, while those with maturities in excess of one year are classified as
long-term investments. Cash equivalents and short-term investments are stated at cost, which approximates market&nbsp;value. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(c)&nbsp;Revenues  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Crude oil sales from upstream operations (oil&nbsp;sands and natural gas) to downstream operations (refining and marketing) are based on actual product shipments. On
consolidation, revenues and purchases related to these sales transactions are eliminated from operating revenues and purchases of crude oil and&nbsp;products. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company also uses its natural gas production for internal consumption at its oil sands plant and Sarnia refinery. On consolidation, revenues from these sales are eliminated from operating
revenues, crude oil and products purchases, and operating, selling and general expenses. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Revenues
associated with sales of crude oil, natural gas, petroleum and petrochemical products and all other items not eliminated on consolidation are recorded when title passes to the customer and
delivery has taken place. Revenues from oil and
natural gas production from properties in which the company has an interest with other producers are recognized on the basis of the company's net working interest. </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>53</B></FONT></P>

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<P style="font-family:;"><FONT SIZE=1><B>(d)&nbsp;Property, Plant and Equipment  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1><B><I>Cost  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Property, plant and equipment are recorded at cost. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Expenditures
to acquire and develop oil sands mining properties are capitalized. Development costs to expand the capacity of existing mines or to develop mine areas substantially in advance of current
production are also capitalized. Drilling and related seismic costs for regulatory approved mining areas are capitalized when planned future development timelines do not exceed 10&nbsp;years. All
other mining exploration costs are expensed as&nbsp;incurred. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company follows the successful efforts method of accounting for its conventional natural gas and in-situ oil sands operations. Under the successful efforts method, acquisition costs of
proved and unproved properties are capitalized. Costs of unproved properties are transferred to proved properties when proved reserves are confirmed. Exploration costs, including geological and
geophysical costs, are expensed as incurred. Exploratory drilling costs are initially capitalized. If it is determined that a specific well does not contain proved reserves, the related capitalized
exploratory drilling costs are charged to expense, as dry hole costs, at that time. Related land costs are expensed through the amortization of unproved properties as covered under the natural gas
section of the depreciation, depletion and amortization policy&nbsp;below. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Development
costs, which include the costs of wellhead equipment, development drilling costs, gas plants and handling facilities, applicable geological and geophysical costs and the costs of acquiring
or constructing support facilities and equipment are capitalized. Costs incurred to operate and maintain wells and equipment and to lift oil and gas to the surface are expensed as operating costs. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Costs
incurred after the inception of operations are expensed. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B><I>Interest Capitalization  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Interest costs relating to major capital projects in progress and to the portion of non-producing oil and gas properties expected to become producing are capitalized
as part of property, plant and equipment. Capitalization of interest ceases when the capital asset is substantially complete and ready for its intended productive&nbsp;use. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B><I>Leases  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Leases that transfer substantially all the benefits and risks of ownership to the company are recorded as capital leases and classified as property, plant and equipment with
offsetting long-term debt. All other leases are classified as operating leases under which leasing costs are expensed in the period incurred. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B><I>Depreciation, Depletion and Amortization  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>OIL SANDS</B></FONT><FONT SIZE=1> Property, plant and equipment are depreciated over their useful lives on a straight-line basis, commencing
when the assets are placed into service. Mine and mobile equipment is depreciated over periods ranging from three to 20&nbsp;years and plant and other property and equipment, including leases in
service, primarily over four to 40&nbsp;years. Capitalized costs related to the in-progress phase of projects are not depreciated until the facilities are substantially complete and
ready for their intended productive&nbsp;use. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>NATURAL GAS</B></FONT><FONT SIZE=1> Acquisition costs of unproved properties that are individually significant are evaluated for impairment by management. Impairment of unproved
properties that are not individually significant is provided for through amortization over the average projected holding period for that portion of acquisition costs not expected to become producing.
The average projected holding period of five years is based on historical experience. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Acquisition
costs of proved properties are depleted using the unit of production method based on proved reserves. Capitalized exploratory drilling costs and development costs are depleted on the basis
of proved developed reserves. For purposes of the depletion calculation, production and reserves volumes for oil and natural gas are converted to a common unit of measure on the basis of their
approximate relative energy content. Gas plants, support facilities and equipment are depreciated on a straight-line basis over their useful lives, which average 12&nbsp;years. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>REFINING AND MARKETING</B></FONT><FONT SIZE=1> Depreciation of property, plant and equipment is provided on a straight-line basis over the useful lives of assets. The
Sarnia and Commerce City refineries and additions thereto are depreciated over an average of 30&nbsp;years, service stations and related equipment over an average of 20&nbsp;years and pipeline
facilities and other equipment over three to 40&nbsp;years. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>54</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

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<P style="font-family:;"><FONT SIZE=1><B><I>Asset Retirement Obligations  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>A liability is recognized for future retirement obligations associated with the company's property, plant and equipment. The fair value of the Asset Retirement Obligation (ARO)
is recorded on a discounted basis. This amount is capitalized as part of the cost of the related asset and amortized to expense over its useful life. The liability accretes until the company settles
the&nbsp;obligation. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B><I>Impairment  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Property, plant and equipment, including capitalized asset retirement costs, are reviewed for impairment whenever events or conditions indicate that their net carrying amount,
less future income taxes, may not be recoverable from estimated undiscounted future cash flows. If it is determined that the estimated net recoverable amount is less than the net carrying amount, a
write-down to the asset's fair value is recognized during the period, with a charge to&nbsp;earnings. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B><I>Disposals  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Gains or losses on disposals of non-oil and gas property, plant and equipment are recognized in earnings. For oil and gas property, plant and equipment, gains or
losses are recognized in earnings for significant disposals or disposal of an entire property. However, the acquisition cost of a subsequently surrendered or abandoned unproved property that is not
individually significant, or a partial abandonment of a proved property, is charged to accumulated depreciation, depletion and amortization. </FONT></P>


<P style="font-family:;"><FONT SIZE=1><B>(e)&nbsp;Deferred Charges and Other  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The cost of major maintenance shutdowns is deferred and amortized on a straight-line basis over the period to the next shutdown, which varies from three to nine
years. Normal maintenance and repair costs are charged to expense as&nbsp;incurred. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Deferred
tax credits are government receivables, recognized when they are reasonably measurable and collectible, relating to eligible expenditures under various programs. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(f)&nbsp;Employee Future Benefits  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The company's employee future benefit programs consist of defined benefit and defined contribution pension plans, as well as other post-retirement benefits. </FONT></P>


<P style="font-family:;"><FONT SIZE=1>The
estimated future cost of providing defined benefit pension and other post-retirement benefits is actuarially determined using management's best estimates of demographic and financial
assumptions, and such cost is accrued proportionately from the date of hire of the employee to the date the employee becomes fully eligible to receive the benefits. The discount rate used to determine
accrued benefit obligations is based on a year-end market rate of interest for high-quality debt instruments with cash flows that match the timing and amount of expected benefit payments.
Company contributions to the defined contribution plan are expensed as&nbsp;incurred. </FONT></P>


<P style="font-family:;"><FONT SIZE=1><B>(g)&nbsp;Inventories  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Inventories of crude oil and refined products are valued at the lower of cost (using the LIFO method) and net realizable value. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Materials
and supplies are valued at the lower of average cost and net realizable value. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Costs
include direct and indirect expenditures incurred in bringing an item or product to its existing condition and&nbsp;location. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>See
also Section&nbsp;(m) Recently Issued Canadian Accounting Standards. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(h)&nbsp;Financial Instruments  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The company's financial instruments consist of cash and cash equivalents, accounts receivable, derivative contracts, substantially all current liabilities (except for the
current portions of asset retirement and pension obligations), and long-term debt. Unless otherwise noted, carrying values reflect the current fair value of the company's financial
instruments. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
estimated fair values of financial instruments have been determined based on the company's assessment of available market information and appropriate valuation methodologies; however, these
estimates may not necessarily be indicative of the amounts that could be realized or settled in a current market transaction. Each financial asset and financial liability instrument is initially
measured at fair value, adjusted for any associated transaction costs. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company periodically enters into derivative commodity contracts such as forwards, futures, swaps and options to hedge against the potential adverse impact of changing market prices due to changes
in the underlying commodity indices. The company also periodically enters into derivative contracts such as interest rate swaps and foreign currency forwards as part of its risk management strategy to
manage exposure to interest and foreign exchange rate fluctuations. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Derivative
contracts, excluding those considered as normal purchases and normal sales, are required to be recorded on the balance sheet at fair value. If the derivative is designated as a fair value
hedge each period, changes in the fair value of the </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>55</B></FONT></P>

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<P style="font-family:;"><FONT SIZE=1>derivative
and changes in the fair value of the hedged item attributable to the hedged risk are recognized in net earnings. If the derivative is designated as a cash flow hedge each period, the
effective portions of the changes in fair value of the derivative are initially recorded in other comprehensive income and are recognized in net earnings when the hedged item is recognized.
Ineffective portions of changes in the fair value of hedging instruments are recognized in net earnings immediately for both fair value and cash flow&nbsp;hedges. </FONT></P>


<P style="font-family:;"><FONT SIZE=1>Gains
or losses arising from hedging activities, including the ineffective portion, are reported in the same caption as the hedged item. The determination of hedge effectiveness and the measurement of
hedge ineffectiveness for cash flow hedges are based on internally derived valuations. The company uses these valuations to estimate the fair values of the underlying physical commodity contracts. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company's fixed-term debt is accounted for under the amortized cost method with the exception of the portion of debt that has related financial hedges, which is accounted for under the
fair value hedge methodology outlined below. Upon initial recognition, the cost of the debt is its fair value, adjusted for any associated transaction costs. We do not recognize gains or losses
arising from changes in the fair value of this debt until the gains or losses are&nbsp;realized. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>See
also Section&nbsp;(m) Recently Issued Canadian Accounting Standards. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(i)&nbsp;Foreign Currency Translation  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Monetary assets and liabilities denominated in foreign currencies are translated to Canadian dollars at rates of exchange in effect at the end of the period. The resulting
exchange gains and losses are included in earnings. Other assets and related depreciation, depletion and amortization, other liabilities, revenues and expenses are translated at rates of exchange in
effect at the respective transaction dates. The resulting exchange gains and losses are included in&nbsp;earnings. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>United&nbsp;States
operations of our refining and marketing business, and our corporate self-insurance operations are classified as self-sustaining and are translated into
Canadian dollars using the current rate method. Assets and liabilities are translated at the period-end exchange rate, while revenues and expenses are translated using average exchange
rates during the period. Translation gains or losses are included in other comprehensive income in the Consolidated Statements of Earnings and Comprehensive Income. </FONT></P>


<P style="font-family:;"><FONT SIZE=1><B>(j)&nbsp;Stock-Based Compensation Plans  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Under the company's common share option programs (see&nbsp;note&nbsp;12), common share options are granted to executives, employees and non-employee directors. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Compensation
expense is recorded in the Consolidated Statements of Earnings and Comprehensive Income as operating, selling and general expense for all common share options granted to employees and
non-employee directors on or after January&nbsp;1, 2003, with a corresponding increase recorded as contributed surplus in the Consolidated Statements of Changes in Shareholders' Equity.
The expense is based on the fair values of the option at the time of grant and is recognized in the Consolidated Statements of Earnings and Comprehensive Income over the estimated vesting periods of
the respective options. For employees eligible to retire prior to the vesting date, the compensation expense is recognized over the shorter period. In instances where an employee is eligible to retire
at the time of grant, the full expense is recognized immediately. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>For
common share options granted prior to January&nbsp;1, 2003 ("pre-2003 options"), compensation expense is not recognized in the Consolidated Statements of Earnings and Comprehensive
Income. The company continues to disclose the pro&nbsp;forma earnings impact of related stock-based compensation expense for pre-2003 options. Consideration paid to the company on
exercise of options is credited to share&nbsp;capital. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Stock-based
compensation awards that are to be settled in cash are measured using the fair value based method of accounting. The expense is based on the fair values of the award at the time of grant
and the change in fair value from the time of grant. The expense is recognized in the Consolidated Statements of Earnings and Comprehensive Income over the estimated vesting periods of the respective
award. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(k)&nbsp;Transportation Costs  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Transportation costs billed to customers are classified as revenues with the related transportation costs classified as transportation and other costs in the Consolidated
Statements of Earnings and Comprehensive Income. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(l)&nbsp;Income Taxes  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Suncor follows the liability method of accounting for income taxes. Future income taxes are recorded for the effect of any difference between the accounting and income tax basis
of an asset or liability, using the substantively enacted income tax rates. Accumulated future income tax balances are adjusted to reflect changes in income tax rates that are substantively enacted
with </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>56</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

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<P style="font-family:;"><FONT SIZE=1>the
adjustment being recognized in net earnings in the period that the change occurs. Investment tax credits are recorded as an offset to the related expenditures. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(m)&nbsp;Recently Issued Canadian Accounting Standards  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1><B><I>Inventories  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>In June&nbsp;2007, the Canadian Institute of Chartered Accountants (CICA) approved Handbook section&nbsp;3031 "Inventories". Effective January&nbsp;1, 2008 this standard
eliminates the use of a LIFO (last-in-first-out) based valuation approach for inventory. The standard also requires any impairment to net realizable value of
inventory to be written down at each reporting period, with subsequent reversals when applicable. This standard can be applied prospectively with an initial adjustment to retained earnings or applied
retrospectively with restatement of comparative balances. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company currently uses a LIFO methodology for crude oil and refined product inventory and will be transitioning to a FIFO (first-in-first-out) methodology
beginning January&nbsp;1, 2008. Retrospective application with restatement will increase the following financial statement balances upon transition: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Inventory</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$404 million</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Future Income Tax Liability</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$121 million</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Retained Earnings</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$283 million</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1><B><I>Going Concern  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>In June&nbsp;2007, the CICA approved amendments to Handbook section&nbsp;1400 "General Standards of Financial Statement Presentation". The revisions, effective
January&nbsp;1, 2008, are to include specific requirements for assessing and disclosing an entity's ability to continue as a going concern. The revised standard will not impact net earnings or
financial position. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B><I>Capital Disclosures  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>In December&nbsp;2006, the CICA approved Handbook section&nbsp;1535 "Capital Disclosures". Effective January&nbsp;1, 2008 this standard outlines required disclosure of
specific information about an entity's objectives, policies and processes for managing capital. The new standard will not impact net earnings or financial position. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B><I>Financial Instruments  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>In December&nbsp;2006, the CICA approved Handbook section&nbsp;3862 "Financial Instruments Disclosure" and section&nbsp;3863 "Financial Instruments Presentation".
Effective January&nbsp;1, 2008, these standards provide a complete set of disclosure and presentation requirements for financial instruments. The standards have increased emphasis on making
disclosures more transparent, while enhancing risk identification and discussion of how these risks are managed in relation to both recognized and unrecognized financial instruments. The new standard
will not impact net earnings or financial position. </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>57</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=10,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=580435,FOLIO='57',FILE='DISK130:[08ZAD1.08ZAD12501]FE12501A.;15',USER='ATOBAK',CD='26-FEB-2008;20:40' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:;"><FONT SIZE=2><A
NAME="page_fg12501_1_58"> </A> </FONT> <FONT SIZE=6><B>

<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->

 </B></FONT><FONT SIZE=1><B>CONSOLIDATED STATEMENTS OF EARNINGS<BR>
AND COMPREHENSIVE INCOME  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=2 VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>For the years ended December&nbsp;31 ($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>2006<BR>
(restated)<BR>
(note&nbsp;1)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>2005<BR>
(restated)<BR>
(note&nbsp;1)</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Revenues</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Operating revenues (notes&nbsp;7, 17 and&nbsp;19)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>15&nbsp;020</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13&nbsp;798</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9&nbsp;728</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Energy marketing and trading activities (note&nbsp;7c)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;883</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;582</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>827</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Net insurance proceeds</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>436</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>572</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Interest</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>30</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>17&nbsp;933</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15&nbsp;829</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11&nbsp;129</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Expenses</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Purchases of crude oil and products</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5&nbsp;935</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;678</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;164</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Operating, selling and general</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;375</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;043</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;437</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Energy marketing and trading activities (note&nbsp;7c)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;870</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;541</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>789</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Transportation and&nbsp;other costs</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>198</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>212</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>152</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Depreciation, depletion and amortization</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>864</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>695</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>568</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Accretion of asset retirement obligations</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>48</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>34</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>30</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Exploration (note&nbsp;19)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>95</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>104</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>56</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Royalties (note&nbsp;5)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>691</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;038</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>555</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Taxes other than income taxes (note&nbsp;19)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>648</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>595</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>529</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Loss (gain) on disposal of assets</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>7</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(13</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Project start-up costs</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>68</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>45</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Financing expenses (income) (note&nbsp;15)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(211</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>39</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(15</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>14&nbsp;588</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12&nbsp;023</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9&nbsp;277</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Earnings Before Income Taxes</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;345</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;806</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;852</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Provision for income taxes (note&nbsp;10)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Current</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>382</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>39</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Future</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>131</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>815</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>655</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>513</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>835</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>694</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Net Earnings</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;832</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;971</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;158</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Other comprehensive income (loss) (notes&nbsp;1, 7 and&nbsp;18)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(190</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(26</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Comprehensive Income</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;642</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;981</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;132</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1><B>Net Earnings Per Common Share</B></FONT><FONT SIZE=1> (dollars) (note&nbsp;13)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net earnings attributable to common shareholders</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Basic</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.14</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.47</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.54</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Diluted</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.02</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.32</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.48</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Cash dividends</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.38</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.30</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.24</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1>See accompanying Summary of Significant Accounting Policies and Notes. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>58</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=11,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=574399,FOLIO='58',FILE='DISK130:[08ZAD1.08ZAD12501]FG12501A.;18',USER='SMAH',CD='26-FEB-2008;20:03' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:;"><FONT SIZE=2><A
NAME="page_fi12501_1_59"> </A> </FONT> <FONT SIZE=6><B>


<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->


 </B></FONT><FONT SIZE=1><B>CONSOLIDATED BALANCE SHEETS  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=3 VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>As at December&nbsp;31 ($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>2006<BR>
(restated)<BR>
(note&nbsp;1)</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1><B>Assets</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Current assets</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Cash and cash equivalents</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>569</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>521</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Accounts receivable (notes&nbsp;1, 7, 11 and&nbsp;19)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;416</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;050</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Inventories (note&nbsp;16)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>608</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>589</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Income taxes receivable</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>95</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>33</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Future income taxes (note&nbsp;10)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>130</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>109</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Total current assets</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;818</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;302</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Property, plant and equipment, net (note&nbsp;3)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>20&nbsp;945</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16&nbsp;160</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Deferred charges and other (note&nbsp;4)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>404</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>297</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Total assets</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>24&nbsp;167</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18&nbsp;759</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><BR><FONT SIZE=1><B>Liabilities and Shareholders' Equity</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Current liabilities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Short-term debt</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Accounts payable and accrued liabilities (notes&nbsp;1, 7, 8 and&nbsp;9)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;775</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;111</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Taxes other than income taxes</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>72</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>40</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Income taxes payable</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>244</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Total current liabilities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;097</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;158</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Long-term debt (note&nbsp;6)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;811</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;363</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Accrued liabilities and other (notes&nbsp;8 and&nbsp;9)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;434</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;214</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Future income taxes (note&nbsp;10)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;212</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;072</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Total liabilities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>12&nbsp;554</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9&nbsp;807</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1> Commitments and contingencies (note&nbsp;11)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1> Shareholders' equity</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Share capital (note&nbsp;12)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>881</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>794</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Contributed surplus (note&nbsp;12)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>194</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>100</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Accumulated other comprehensive income (loss) (notes&nbsp;1, 7 and&nbsp;18)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(253</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(71</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Retained earnings (note&nbsp;1)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10&nbsp;791</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;129</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Total shareholders' equity</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>11&nbsp;613</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;952</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Total liabilities and shareholders' equity</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>24&nbsp;167</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18&nbsp;759</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1>See accompanying Summary of Significant Accounting Policies and Notes. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Approved on behalf of the Board of Directors: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="75%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="49%" style="font-family:;"><BR><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><B>
<IMG SRC="g972448.jpg" ALT="SIG" WIDTH="124" HEIGHT="46">
 </B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><B>
<IMG SRC="g585518.jpg" ALT="SIG" WIDTH="199" HEIGHT="46">
 </B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><B>Richard L. George</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><B>Brian A. Canfield</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1>Director</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1>Director</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1><I>February&nbsp;27, 2008</I></FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>59</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=12,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=33447,FOLIO='59',FILE='DISK130:[08ZAD1.08ZAD12501]FI12501A.;17',USER='BHOLLIN',CD=';3-MAR-2008;11:30' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:;"><FONT SIZE=2><A
NAME="page_fk12501_1_60"> </A> </FONT> <FONT SIZE=6><B>

<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->

 </B></FONT><FONT SIZE=1><B>CONSOLIDATED STATEMENTS OF CASH FLOWS  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=2 VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>For the years ended December&nbsp;31 ($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Operating Activities</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Cash flow from operations&nbsp;<SUP>(a)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;805</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;533</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;476</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Decrease (increase) in operating working capital</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Accounts receivable</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(365</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>53</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(477</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Inventories</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(19</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(66</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(63</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Accounts payable and accrued liabilities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>226</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>87</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>435</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Taxes payable/receivable</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>246</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(43</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(23</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Cash flow from operating activities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;893</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;564</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;348</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Cash Used in Investing Activities</B></FONT><FONT SIZE=1>&nbsp;<SUP>(a)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(5&nbsp;362</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3&nbsp;489</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3&nbsp;113</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Net Cash Surplus (Deficiency) Before Financing Activities</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(1&nbsp;469</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;075</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(765</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Financing Activities</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Increase (decrease) in short-term debt</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(4</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(42</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net proceeds from issuance of long-term debt</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;835</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net increase (decrease) in long-term debt</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(171</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(622</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>808</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Issuance of common shares under stock option plans</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>62</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>45</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>69</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Dividends paid on common shares</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(162</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(127</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(102</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Deferred revenue</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>27</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>50</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Cash flow provided by (used in) financing activities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;564</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(719</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>844</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Increase in Cash and Cash Equivalents</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>95</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>356</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>79</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Effect of Foreign Exchange on Cash and Cash Equivalents</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(47</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Cash and Cash Equivalents at Beginning of Year</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>521</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>165</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>88</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Cash and Cash Equivalents at End of Year</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>569</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>521</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>165</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>See
Schedules of Segmented Data on pages&nbsp;63 and&nbsp;64. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=1>See accompanying Summary of Significant Accounting Policies and Notes. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>60</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=13,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=588627,FOLIO='60',FILE='DISK130:[08ZAD1.08ZAD12501]FK12501A.;15',USER='SMAH',CD='26-FEB-2008;20:03' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:;"><FONT SIZE=2><A
NAME="page_fm12501_1_61"> </A> </FONT> <FONT SIZE=6><B>


<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->


 </B></FONT><FONT SIZE=1><B>CONSOLIDATED STATEMENTS OF CHANGES <BR>
IN SHAREHOLDERS' EQUITY  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="35%" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>For the years ended December&nbsp;31 ($&nbsp;millions)</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>
Share<BR>
Capital</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>
Contributed<BR>
Surplus</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>
Cumulative<BR>
Foreign<BR>
Currency<BR>
Translation</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>
Retained<BR>
Earnings</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>
Accumulated<BR>
Other<BR>
Comprehensive<BR>
Income (AOCI)</FONT></TD>
<TD WIDTH="8%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1><B>At December&nbsp;31, 2004, as previously reported</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>651</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>32</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(55</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;246</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Retroactive adjustment for change in accounting policy, net of tax (note&nbsp;1)</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>55</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(55</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1><B>At December&nbsp;31, 2004, as restated</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>651</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>32</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;246</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(55</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Net earnings</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;158</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Dividends paid on common shares</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(102</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Issued for cash under stock option plans</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>74</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(5</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Issued under dividend reinvestment plan</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(7</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Stock-based compensation expense</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>23</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Change in AOCI related to foreign currency translation</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(26</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1><B>At December&nbsp;31, 2005, as restated</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>732</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>50</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5&nbsp;295</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(81</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Net earnings</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;971</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Dividends paid on common shares</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(127</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Issued for cash under stock option plans</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>52</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(7</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Issued under dividend reinvestment plan</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(10</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Stock-based compensation expense</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>53</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Income tax benefit of stock option deductions in&nbsp;the&nbsp;U.S.</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Change in AOCI related to foreign currency translation</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1><B>At December&nbsp;31, 2006, as restated</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>794</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>100</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;129</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(71</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Net earnings</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;832</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Dividends paid on common shares</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(162</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Issued for cash under stock option plans</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>74</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(12</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Issued under dividend reinvestment plan</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>13</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(13</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Stock-based compensation expense</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>103</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Income tax benefit of stock option deductions in&nbsp;the&nbsp;U.S.</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Adjustment to opening retained earnings arising from&nbsp;ineffective portion of cash flow hedges at&nbsp;January&nbsp;1,&nbsp;2007</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Adjustment to opening AOCI arising from effective portion of cash flow hedges at January&nbsp;1, 2007</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8</B></FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Change in AOCI related to foreign currency translation</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(195</B></FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Change in AOCI related to derivative hedging activities</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5</B></FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1><B>At December&nbsp;31, 2007</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>881</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>194</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10&nbsp;791</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(253</B></FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1>See accompanying Summary of Significant Accounting Policies and Notes. </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>61</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=14,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=36706,FOLIO='61',FILE='DISK130:[08ZAD1.08ZAD12501]FM12501A.;17',USER='STOTHA',CD=';3-MAR-2008;19:16' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:;"><FONT SIZE=2><A
NAME="page_fo12501_1_62"> </A> </FONT> <FONT SIZE=6><B>

<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->

 </B></FONT><FONT SIZE=1><B>SCHEDULES OF SEGMENTED DATA</B></FONT><FONT SIZE=2>&nbsp;<SUP>(a)</SUP> </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="21%" style="font-family:;"><BR><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>Oil Sands</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>Natural Gas</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>Refining and Marketing<BR>
(note&nbsp;2)</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>For the years ended December&nbsp;31 ($&nbsp;millions)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=21 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1><B>EARNINGS</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1><B>Revenues</B></FONT><FONT SIZE=1>&nbsp;<SUP>(b)</SUP></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Operating revenues</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6&nbsp;195</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6&nbsp;259</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;938</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>541</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>554</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>632</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8&nbsp;278</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6&nbsp;981</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6&nbsp;155</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Energy marketing and trading&nbsp;activities</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;890</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;607</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>827</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Net insurance proceeds</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>436</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>572</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Intersegment revenues&nbsp;<SUP>(c)</SUP></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>580</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>712</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>455</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>12</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>23</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>47</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Interest</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=21 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6&nbsp;775</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7&nbsp;407</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;965</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>553</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>578</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>679</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>11&nbsp;173</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;593</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6&nbsp;984</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=21 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1><B>Expenses</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Purchases of crude oil and&nbsp;products</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>157</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>89</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>32</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6&nbsp;351</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5&nbsp;308</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;613</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Operating, selling and general (note&nbsp;2)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;435</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;198</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;455</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>135</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>110</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>93</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>693</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>669</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>682</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Energy marketing and trading&nbsp;activities</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;876</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;572</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>810</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Transportation and other&nbsp;costs</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>138</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>162</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>104</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>31</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>22</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>29</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Depreciation, depletion and&nbsp;amortization</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>462</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>385</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>330</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>189</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>152</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>130</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>171</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>132</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>96</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Accretion of asset retirement&nbsp;obligations</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>40</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>28</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>7</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Exploration</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>13</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>22</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>82</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>82</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>46</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Royalties (note&nbsp;5)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>565</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>911</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>406</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>126</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>127</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>149</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Taxes other than income taxes</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>90</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>75</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>51</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>553</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>516</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>475</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Loss (gain) on disposal of&nbsp;assets</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(1</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(4</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(12</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>7</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Project start-up costs</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>60</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>38</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Financing expenses (income)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=21 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;961</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;908</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;437</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>573</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>500</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>436</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10&nbsp;689</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;233</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6&nbsp;702</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=21 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1><B>Earnings (loss) before income&nbsp;taxes</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;814</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;499</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;528</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(20</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>78</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>243</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>484</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>360</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>282</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1>Income taxes</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(380</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(716</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(571</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>45</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>28</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(88</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(139</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(125</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(108</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=21 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1><B>Net earnings (loss)</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;434</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;783</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>957</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>106</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>155</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>345</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>235</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>174</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=21 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><BR><FONT SIZE=1>As at December&nbsp;31</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="21%" style="font-family:;"><FONT SIZE=1><B>TOTAL ASSETS</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>18&nbsp;108</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13&nbsp;692</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11&nbsp;648</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;811</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;503</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;307</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;519</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;037</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;172</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=21 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Accounting
policies for segments are the same as those described in the Summary of Significant Accounting Policies.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(b)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>There
were no customers that represented 10% or more of the company's 2007, 2006 or 2005 consolidated revenues.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(c)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Intersegment
revenues are recorded at prevailing fair market prices and accounted for as if the sales were to third&nbsp;parties. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=1>See accompanying Summary of Significant Accounting Policies and Notes. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>62</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=15,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=635094,FOLIO='62',FILE='DISK130:[08ZAD1.08ZAD12501]FO12501A.;19',USER='SMAH',CD='26-FEB-2008;20:03' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:;"><FONT SIZE=2><A
NAME="page_fq12501_1_63"> </A> </FONT> <FONT SIZE=6><B>

<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->

 </B></FONT><FONT SIZE=1><B>SCHEDULES OF SEGMENTED DATA</B></FONT><FONT SIZE=2>&nbsp;<SUP>(a)</SUP> </FONT><FONT SIZE=1>(continued) </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="28%" style="font-family:;"><BR><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>Corporate and<BR>
Eliminations</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>For the years ended December&nbsp;31 ($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=15 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1><B>EARNINGS</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1><B>Revenues</B></FONT><FONT SIZE=1>&nbsp;<SUP>(b)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Operating revenues</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>15&nbsp;020</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13&nbsp;798</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9&nbsp;728</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Energy marketing and trading&nbsp;activities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(7</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(25</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;883</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;582</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>827</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Net insurance proceeds</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>436</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>572</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Intersegment revenues&nbsp;<SUP>(c)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(592</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(735</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(502</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Interest</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>30</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=15 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(568</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(749</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(499</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>17&nbsp;933</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15&nbsp;829</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11&nbsp;129</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=15 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1><B>Expenses</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Purchases of crude oil and&nbsp;products</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(573</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(719</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(481</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5&nbsp;935</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;678</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;164</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Operating, selling and general (note&nbsp;2)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>112</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>66</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>207</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;375</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;043</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;437</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Energy marketing and trading&nbsp;activities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(6</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(31</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(21</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;870</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;541</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>789</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Transportation and other&nbsp;costs</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>198</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>212</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>152</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Depreciation, depletion and&nbsp;amortization</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>42</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>864</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>695</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>568</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Accretion of asset retirement&nbsp;obligations</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>48</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>34</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>30</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Exploration</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>95</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>104</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>56</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Royalties (note&nbsp;5)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>691</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;038</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>555</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Taxes other than income taxes</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>648</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>595</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>529</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Loss (gain) on disposal of&nbsp;assets</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>7</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(13</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Project start-up costs</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>68</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>45</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Financing expenses (income)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(211</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>39</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(15</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(211</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>39</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(15</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=15 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(635</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(618</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(298</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>14&nbsp;588</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12&nbsp;023</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9&nbsp;277</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=15 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1><B>Earnings (loss) before income&nbsp;taxes</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>67</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(131</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(201</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;345</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;806</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;852</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Income taxes</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(39</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(22</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>73</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(513</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(835</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(694</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=15 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1><B>Net earnings (loss)</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>28</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(153</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(128</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;832</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;971</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;158</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=15 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><BR><FONT SIZE=1>As at December&nbsp;31</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1><B>TOTAL ASSETS</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(271</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(473</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1&nbsp;001</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>24&nbsp;167</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18&nbsp;759</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15&nbsp;126</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=15 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>63</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=16,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=654681,FOLIO='63',FILE='DISK130:[08ZAD1.08ZAD12501]FQ12501A.;16',USER='SMAH',CD='26-FEB-2008;20:03' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:;"><FONT SIZE=2><A
NAME="page_fs12501_1_64"> </A> </FONT> <FONT SIZE=6><B>

<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->

 </B></FONT><FONT SIZE=1><B>SCHEDULES OF SEGMENTED DATA</B></FONT><FONT SIZE=2>&nbsp;<SUP>(a)</SUP> </FONT><FONT SIZE=1>(continued) </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><BR><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>Oil Sands</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>Natural Gas</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>Refining and Marketing<BR>
(note&nbsp;2)</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>For the years ended December&nbsp;31 ($&nbsp;millions)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1><B>CASH FLOW BEFORE FINANCING&nbsp;ACTIVITIES</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1><B>Cash from (used in) operating&nbsp;activities:</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Cash flow from (used in) operations</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net earnings (loss)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;434</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;783</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>957</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>106</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>155</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>345</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>235</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>174</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Exploration expenses</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>67</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>52</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>46</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Non-cash items included in earnings</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%" style="font-family:;"><FONT SIZE=1>Depreciation, depletion and&nbsp;amortization</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>462</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>385</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>330</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>189</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>152</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>130</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>171</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>132</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>96</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%" style="font-family:;"><FONT SIZE=1>Future income taxes</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>97</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>731</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>609</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(43</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(28</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>88</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>40</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>70</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>72</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%" style="font-family:;"><FONT SIZE=1>Loss (gain) on disposal of assets</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(1</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(4</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(12</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>7</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%" style="font-family:;"><FONT SIZE=1>Stock-based compensation&nbsp;expense</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>49</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%" style="font-family:;"><FONT SIZE=1>Other</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>14</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>23</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>7</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(5</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(7</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Increase (decrease) in deferred credits and other</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>48</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(21</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(14</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(1</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(3</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Total cash flow from (used in) operations</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;092</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;917</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;916</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>248</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>281</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>412</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>580</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>443</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>363</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Decrease (increase) in operating working&nbsp;capital</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>637</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>426</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(270</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>22</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(27</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(5</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(118</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(102</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(30</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Total cash from (used in) operating&nbsp;activities</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;729</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;343</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;646</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>270</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>254</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>407</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>462</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>341</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>333</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1><B>Cash from (used in) investing&nbsp;activities:</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Capital and exploration expenditures</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(4&nbsp;431</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(2&nbsp;463</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1&nbsp;948</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(531</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(458</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(363</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(376</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(665</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(779</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Acquisition of Denver refineries and related assets</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(62</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Deferred maintenance shutdown&nbsp;expenditures</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(135</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(65</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(6</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(2</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(73</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(80</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(10</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Deferred outlays and other&nbsp;investments</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(18</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(2</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Proceeds from disposals</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>41</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Proceeds from property loss</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>36</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>44</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Decrease (increase) in investing working&nbsp;capital</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>333</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>197</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>47</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(43</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(53</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Total cash (used in) investing activities</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(4&nbsp;248</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(2&nbsp;230</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1&nbsp;882</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(532</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(443</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(344</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(491</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(787</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(818</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1><B>Net cash surplus (deficiency) before&nbsp;financing&nbsp;activities</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(519</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;113</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(236</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(262</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(189</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>63</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(29</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(446</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(485</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Accounting
policies for segments are the same as those described in the Summary of Significant Accounting Policies. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=1>See accompanying Summary of Significant Accounting Policies and Notes. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>64</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=17,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=643349,FOLIO='64',FILE='DISK130:[08ZAD1.08ZAD12501]FS12501A.;16',USER='SMAH',CD='26-FEB-2008;20:03' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:;"><FONT SIZE=2><A
NAME="page_fu12501_1_65"> </A> </FONT> <FONT SIZE=6><B>

<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->

 </B></FONT><FONT SIZE=1><B>SCHEDULES OF SEGMENTED DATA</B></FONT><FONT SIZE=2>&nbsp;<SUP>(a)</SUP> </FONT><FONT SIZE=1>(continued) </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><BR><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>Corporate and<BR>
Eliminations</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><BR><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>For the years ended December&nbsp;31 ($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1><B>CASH FLOW BEFORE FINANCING&nbsp;ACTIVITIES</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1><B>Cash from (used in) operating&nbsp;activities:</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Cash flow from (used in) operations</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net earnings (loss)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>28</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(153</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(128</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;832</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;971</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;158</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Exploration expenses</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>67</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>52</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>46</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Non-cash items included in earnings</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Depreciation, depletion and&nbsp;amortization</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>42</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>864</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>695</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>568</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Future income taxes</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>37</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>42</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(114</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>131</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>815</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>655</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Loss (gain) on disposal of assets</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>7</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(13</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Stock-based compensation&nbsp;expense</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>24</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>103</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>53</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>23</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Other</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(236</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(22</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(77</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(233</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(14</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(33</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Increase (decrease) in deferred credits and&nbsp;other</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(10</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(14</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>86</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>34</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(38</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>72</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Total cash flow from (used in) operations</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(115</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(108</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(215</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;805</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;533</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;476</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Decrease (increase) in operating working capital</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(453</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(266</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>177</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>88</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>31</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(128</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Total cash from (used in) operating&nbsp;activities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(568</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(374</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(38</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;893</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;564</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;348</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1><B>Cash from (used in) investing&nbsp;activities:</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Capital and exploration expenditures</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(77</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(27</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(63</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(5&nbsp;415</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3&nbsp;613</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3&nbsp;153</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Acquisition of Denver refineries and related assets</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(62</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Deferred maintenance shutdown&nbsp;expenditures</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(214</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(80</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(77</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Deferred outlays and other&nbsp;investments</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(14</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(6</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(32</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Proceeds from disposals</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>9</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>65</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Proceeds from property loss</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>36</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>44</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Decrease (increase) in investing working&nbsp;capital</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>290</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>144</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>73</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Total cash (used in) investing activities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(91</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(29</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(69</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(5&nbsp;362</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3&nbsp;489</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3&nbsp;113</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1><B>Net cash surplus (deficiency) before&nbsp;financing&nbsp;activities</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(659</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(403</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(107</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(1&nbsp;469</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;075</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(765</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
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<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>65</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=18,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=438402,FOLIO='65',FILE='DISK130:[08ZAD1.08ZAD12501]FU12501A.;13',USER='SMAH',CD='26-FEB-2008;20:03' -->
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<P style="font-family:;"><FONT SIZE=2><A
NAME="page_ga12501_1_66"> </A> </FONT> <FONT SIZE=6><B>

<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->

 </B></FONT><FONT SIZE=1><B>SUNCOR ENERGY&nbsp;INC.<BR>
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>1.&nbsp;CHANGES IN ACCOUNTING POLICIES  </B></FONT></P>


<P style="font-family:;"><FONT SIZE=1><B>Financial Instruments  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>On
January&nbsp;1, 2007 the company adopted CICA Handbook Section&nbsp;3855 "Financial Instruments, Recognition and Measurement", Section&nbsp;3865 "Hedging", Section&nbsp;1530 "Comprehensive
Income" and Section&nbsp;3251&nbsp;"Equity". </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Sections&nbsp;3855
and&nbsp;3865 establish accounting and reporting standards for financial instruments and hedging activities, and require the initial recognition of financial instruments at fair
value on the balance sheet. Section&nbsp;1530 establishes standards for reporting and display of comprehensive income, where comprehensive income refers to all changes in equity (net&nbsp;assets)
during a reporting period except those resulting from investments by owners and distributions to owners, and Section&nbsp;3251 establishes standards for the presentation of equity and changes in
equity during the reporting period. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company's financial instruments consist of cash and cash equivalents, accounts receivable, derivative contracts, substantially all current liabilities (except for the current portions of asset
retirement and pension obligations), and long-term debt. Unless otherwise noted, carrying values reflect the current fair value of the company's financial instruments. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
estimated fair values of financial instruments have been determined based on the company's assessment of available market information and/or appropriate valuation methodologies; however, these
estimates may not necessarily be indicative of the amounts that could be realized or settled in a current market transaction. Upon initial recognition, each financial asset and financial liability
instrument is recorded at fair value, adjusted for any transaction costs. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Derivative
contracts, excluding those considered as normal purchases and normal sales, are required to be recorded on the balance sheet at fair value. If the derivative is designated as a fair value
hedge, changes in the fair value of the derivative and changes in the fair value of the hedged item attributable to the hedged risk are recognized in net earnings each period. If the derivative is
designated as a cash flow hedge, the effective portions of the changes in fair value of the derivative are initially recorded in other comprehensive income and are recognized in net earnings when the
hedged item is recognized. Ineffective portions of changes in the fair value of hedging instruments are recognized in net earnings immediately for both fair value and cash flow&nbsp;hedges. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Gains
or losses arising from hedging activities, including the ineffective portion, are reported in the same caption as the hedged item. The determination of hedge effectiveness and the measurement of
hedge ineffectiveness for cash flow hedges are based on internally derived valuations. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company's fixed-term debt is accounted for under the amortized cost method with the exception of the portion of debt that has related financial hedges, which is accounted for under the
fair value hedge methodology. We do not recognize gains or losses arising from changes in the fair value of this debt until the gains or losses are&nbsp;realized. </FONT></P>


<P style="font-family:;"><FONT SIZE=1>The
company's equity section now contains a new caption "Accumulated Other Comprehensive Income". In addition to containing the effective portions of the gains/losses on our cash flow hedges,
accumulated other comprehensive income will also contain the cumulative foreign currency translation adjustment of our self-sustaining foreign operations. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Upon
implementation and initial measurement under the new standards at January&nbsp;1, 2007, the following increases (decreases), net of income taxes, were recorded to the Consolidated
Balance&nbsp;Sheet: </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="84%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($ millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="84%" style="font-family:;"><FONT SIZE=1>Financial Assets&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>42</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="84%" style="font-family:;"><FONT SIZE=1>Financial Liabilities&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>29</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="84%" style="font-family:;"><FONT SIZE=1>Retained Earnings&nbsp;<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;&nbsp;5</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="84%" style="font-family:;"><FONT SIZE=1>Cumulative Foreign Currency Translation&nbsp;<SUP>(3)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>71</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="84%" style="font-family:;"><FONT SIZE=1>Accumulated Other Comprehensive Loss&nbsp;<SUP>(4)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(63</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
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<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Recognition
of fair value of derivative financial instruments designated as cash flow hedges and fair value hedges, and the related income tax&nbsp;impacts
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Impact
on adoption of the measurement of ineffectiveness on derivative financial instruments designated as cash flow&nbsp;hedges
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(3)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Restatement
of foreign currency translation adjustment to accumulated other comprehensive&nbsp;loss
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(4)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Recognition
of accumulated other comprehensive loss arising from the restatement of foreign currency translation adjustment, offset by accumulated other comprehensive income arising
from the effective component on derivative financial instruments designated as cash flow&nbsp;hedges </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=1>The comparative consolidated financial statements have not been restated, except for the presentation of the cumulative foreign currency translation adjustment. </FONT></P>


<P style="font-family:;"><FONT SIZE=1>See
Note&nbsp;7 for&nbsp;a summary of financial instrument disclosures at December&nbsp;31,&nbsp;2007. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>66</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=19,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=946703,FOLIO='66',FILE='DISK130:[08ZAD1.08ZAD12501]GA12501A.;24',USER='ATOBAK',CD='26-FEB-2008;20:42' -->
<A NAME="page_ga12501_1_67"> </A>

<P style="font-family:;"><FONT SIZE=1><B>2.&nbsp;CHANGE IN SEGMENTED DISCLOSURES  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Consistent
with the company's organizational restructuring during the first quarter of 2007, results from our Canadian and U.S.&nbsp;downstream refining and marketing operations have been combined
into a single business segment&nbsp;&#150;&nbsp;refining&nbsp;and marketing. Comparative figures have been reclassified to reflect the combination of the previously disclosed
Energy Marketing&nbsp;&amp; Refining&nbsp;&#150;&nbsp;Canada (EM&amp;R) and Refining&nbsp;&amp; Marketing&nbsp;&#150;&nbsp;U.S.A. (R&amp;M) segments. The results of
company-wide energy marketing and trading activities will continue to be included in this segment. The financial results relating to the sales of oil sands and natural gas production will
continue to be reported in their respective business segments. There was no impact to consolidated net earnings as a result of the restructuring. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Effective
January&nbsp;1, 2007, the company began allocating stock-based compensation expense to each of the reportable business segments. Comparative figures have been reclassified to reflect the
allocation of stock-based compensation. There was no impact to consolidated net earnings as a result of the&nbsp;allocation. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>3.&nbsp;PROPERTY, PLANT AND EQUIPMENT  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2007</B></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Cost</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Accumulated<BR>
Provision</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Cost</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Accumulated<BR>
Provision</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Oil sands</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Plant</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>11&nbsp;049</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;962</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;160</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;706</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Mine and mobile equipment</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;423</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>388</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;191</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>320</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>In-situ properties</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;566</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>222</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;963</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>148</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Pipeline</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>149</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>35</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>149</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>29</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Capital leases</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>102</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>38</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Major projects in progress</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;830</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;887</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>19&nbsp;119</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;613</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>14&nbsp;388</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;207</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Natural gas</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Proved properties</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;405</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;042</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;975</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>874</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Unproved properties</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>238</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>32</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>186</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Other support facilities and equipment</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>92</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>30</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>90</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>23</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;735</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;104</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;251</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>918</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Refining and marketing</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Refinery</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;699</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>628</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;179</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>555</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Marketing</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>783</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>304</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>741</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>291</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Pipeline</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>53</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>35</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Major projects in progress</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>386</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;535</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>936</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;341</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>849</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Corporate</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>305</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>96</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>208</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>54</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25&nbsp;694</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;749</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20&nbsp;188</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;028</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net property, plant and equipment</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>20&nbsp;945</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16&nbsp;160</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1><B>4.&nbsp;DEFERRED CHARGES AND OTHER  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="73%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Deferred maintenance shutdown costs</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>296</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>172</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Deferred government tax credits</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>36</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>74</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Other</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>72</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>51</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Total deferred charges and other</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>404</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>297</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>67</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=20,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=322082,FOLIO='67',FILE='DISK130:[08ZAD1.08ZAD12501]GA12501A.;24',USER='ATOBAK',CD='26-FEB-2008;20:42' -->
<A NAME="page_ga12501_1_68"> </A>

<P style="font-family:;"><FONT SIZE=1><B>5.&nbsp;ROYALTIES  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Our
current estimation of Alberta Crown royalties is based on regulations currently in effect. Alberta Crown royalties currently in effect for each oil sands project require payments to the Government
of Alberta based on annual gross revenues less related transportation costs (R)&nbsp;less allowable costs (C), including the deduction of certain capital expenditures (the&nbsp;25% R-C
royalty), subject to a minimum payment of 1% of R. Royalty expense for the company's oil sands operations for the year ended December&nbsp;31, 2007, was $565&nbsp;million
(2006&nbsp;&#150;&nbsp;$911&nbsp;million, 2005&nbsp;&#150;&nbsp;$406&nbsp;million). The balance of the consolidated royalty expense is in respect of
natural gas royalties of $126&nbsp;million (2006&nbsp;&#150;&nbsp;$127&nbsp;million, 2005&nbsp;&#150;&nbsp;$149&nbsp;million). </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
regime changes proposed by the Government of Alberta will increase royalty rates, effective January&nbsp;1, 2009 to a sliding scale of 25%&nbsp;&#150;&nbsp;40%
of&nbsp;R-C, subject to a minimum royalty of 1%&nbsp;&#150;&nbsp;9% depending on oil price. In both cases, the sliding scale royalty would move with increases in
WTI&nbsp;prices from Cdn$55 to the maximum rates at a WTI&nbsp;price of&nbsp;Cdn$120. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>In
January&nbsp;2008, Suncor entered into a Royalty Amending Agreement with the government of Alberta to transition to the new royalty framework rates in the Generic Regime commencing
January&nbsp;1, 2010 to January&nbsp;1, 2016. The new royalty framework rates will apply to the bitumen royalty for current production levels of our base oil sands mining operations, subject to a
cap of 30% of&nbsp;R-C, and a minimum royalty of 1.2% of&nbsp;R (assuming the government enacts their proposed framework). In addition, the Suncor Royalty Amending agreement provides
Suncor with certainty for various matters, including the bitumen valuation methodology, allowed costs, royalty in-kind and certain&nbsp;taxes. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>In
2016 and subsequent years, the royalty rates for all of our oil sands operations (our base operation and Firebag in-situ project) will be the rates prescribed under the
generic&nbsp;regime. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>6.&nbsp;LONG-TERM DEBT  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>A.&nbsp;Fixed-term debt, redeemable at the option of the company  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>6.50% Notes, denominated in U.S.&nbsp;dollars, due in 2038 (US$1150)&nbsp;<SUP>(i)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;137</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>5.95% Notes, denominated in U.S.&nbsp;dollars, due in 2034 (US$500)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>494</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>583</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>7.15% Notes, denominated in U.S.&nbsp;dollars, due in 2032 (US$500)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>494</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>583</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>5.39% Series&nbsp;4 Medium Term Notes, due in 2037&nbsp;<SUP>(ii)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>600</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>6.70% Series&nbsp;2 Medium Term Notes, due in 2011&nbsp;<SUP>(iii)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>500</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>500</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>6.80% Medium Term Notes, repaid in 2007&nbsp;<SUP>(iii)</SUP>&nbsp;<SUP>(iv)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>250</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>6.10% Medium Term Notes, repaid in 2007&nbsp;<SUP>(iii)</SUP>&nbsp;<SUP>(iv)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>150</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;225</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;066</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><BR><FONT SIZE=1><B>Revolving-term debt, with interest at variable rates (see&nbsp;B.&nbsp;Credit&nbsp;Facilities)</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Commercial Paper (interest at December&nbsp;31, 2007&nbsp;&#150;&nbsp;4.8%, 2006&nbsp;&#150;&nbsp;4.3%)&nbsp;<SUP>(v)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>522</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>280</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Total unsecured long-term debt</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;747</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;346</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Secured long-term debt</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Capital leases&nbsp;<SUP>(vi), (vii)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>102</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>38</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Fair values of interest swaps</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Deferred financing costs</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(45</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(22</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1><B>Total long-term debt</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;811</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;363</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(i)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>During
the third quarter of 2007, the company issued additional 6.50% Notes with a principal amount of US$400&nbsp;million under an outstanding US$2&nbsp;billion
debt shelf prospectus. These notes bear interest, which is paid semi-annually, and mature on June&nbsp;15, 2038. The net proceeds were used for general corporate purposes, including
reducing short-term borrowings, supporting our ongoing capital spending program and for working capital requirements. </FONT></DD></DL>
<UL>

<P style="font-family:;"><FONT SIZE=1>During the second quarter of 2007, the company issued 6.50% Notes with a principal amount of US$750&nbsp;million under an outstanding US$2&nbsp;billion debt
shelf prospectus. These notes bear interest, which is paid semi-annually, and mature on June&nbsp;15, 2038. The net proceeds were
used for general corporate purposes, including reducing short-term borrowings, supporting our ongoing capital spending program and for working capital requirements. </FONT></P>

</UL>
<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(ii)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>During
the first quarter of 2007, the company issued 5.39% Medium Term Notes with a principal amount of $600&nbsp;million under an outstanding $2&nbsp;billion debt
shelf prospectus. These notes bear interest, which is paid semi-annually, and mature on March&nbsp;26, 2037. The net proceeds were used for general corporate purposes, including reducing
short-term borrowings, supporting our ongoing capital spending program and for working capital requirements.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(iii)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>The
company has entered into various interest rate swap transactions. The swap transactions result in&nbsp;an average effective interest rate that is different from
the stated interest rate of the related underlying long-term debt instruments. </FONT></DD></DL>
<BR>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="70%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="43%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Principal<BR>
Swapped</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Effective Interest Rate</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Description of Swap Transaction</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Swap Maturity</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2007</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Swap of 6.70% Medium Term Notes to floating rates</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>200</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2011</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.7%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.2%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Swap of 6.80% Medium Term Notes to floating rates&nbsp;<SUP>(iv)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>250</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2007</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.0%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.0%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Swap of 6.10% Medium Term Notes to floating rates&nbsp;<SUP>(iv)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>150</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2007</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4.7%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.3%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>68</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=21,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=937522,FOLIO='68',FILE='DISK130:[08ZAD1.08ZAD12501]GA12501A.;24',USER='ATOBAK',CD='26-FEB-2008;20:42' -->
<A NAME="page_ga12501_1_69"> </A>
<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(iv)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>During
the third quarter of 2007, the company repaid maturing 6.10% $150&nbsp;million Medium Term Notes using commercial paper, and the associated swap transaction
expired. </FONT></DD></DL>
<UL>

<P style="font-family:;"><FONT SIZE=1>During the first quarter of 2007, the company repaid maturing 6.80% $250&nbsp;million Medium Term Notes using commercial paper, and the associated swap
transaction expired. </FONT></P>

</UL>
<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(v)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>The
company is authorized to issue commercial paper to a maximum of $1,500&nbsp;million having a term not to&nbsp;exceed 365&nbsp;days. Commercial paper is
supported by unutilized credit facilities (see&nbsp;B. Credit Facilities).
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(vi)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Equipment
leases with interest rates between 6.5% and 15.7% and maturity dates ranging from 2008 to&nbsp;2037.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(vii)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Future
minimum amounts payable under capital leases and other long-term debt are as&nbsp;follows: </FONT></DD></DL>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="70%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="68%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Capital<BR>
Leases</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Other<BR>
Long-term<BR>
Debt</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>2008</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>529 </FONT><FONT SIZE=1>&nbsp;<SUP>(a)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>2009</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>2010</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>2011</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>500</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>2012</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Later years</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>277</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;680</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Total minimum payments</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>324</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;709</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Less amount representing imputed interest</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>222</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="68%" style="font-family:;"><FONT SIZE=1>Present value of obligation under capital leases</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>102</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE></DIV>
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<UL>
<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Long-term
debt due in the next year will be refinanced with available credit facilities </FONT></DD></DL>
</UL>
<UL>
<UL>

<P style="font-family:;"><FONT SIZE=1><B>Long-term Debt</B></FONT><FONT SIZE=1> (per&nbsp;cent) </FONT></P>
</UL>
</UL>
<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="70%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="71%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Variable rate</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>19</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>37</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Fixed rate</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>81</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>63</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE></DIV>
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<P style="font-family:;"><FONT SIZE=1><B>B.&nbsp;Credit facilities  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>During
2007, our $300&nbsp;million bilateral credit facility was amended and extended by one year to 2008 and the credit limit was increased by $30&nbsp;million to $330&nbsp;million total funds
available. Our $2&nbsp;billion syndicated credit facility was renegotiated and extended by one year to have a five year term expiring in June&nbsp;2012 and the company's commercial paper program
limit was increased by $300&nbsp;million from $1.2&nbsp;billion to $1.5&nbsp;billion. Additionally, a $15&nbsp;million revolving demand credit facility was renegotiated and increased by
$15&nbsp;million to $30&nbsp;million. At December&nbsp;31, 2007, the company had available credit facilities of $2,375&nbsp;million, of which $1,579 was undrawn as&nbsp;follows: </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="85%" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="85%" style="font-family:;"><FONT SIZE=1>Facility that is fully revolving for 364&nbsp;days, has a term period of one year and expires in 2008</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>330</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="85%" style="font-family:;"><FONT SIZE=1>Facility that is fully revolving for a period of five years and expires in 2012</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;000</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="85%" style="font-family:;"><FONT SIZE=1>Facilities that can be terminated at any time at the option of the lenders</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>45</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="85%" style="font-family:;"><FONT SIZE=1>Total available credit facilities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;375</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="85%" style="font-family:;"><FONT SIZE=1>Credit facilities supporting outstanding commercial paper</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>522</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="85%" style="font-family:;"><FONT SIZE=1>Credit facilities supporting standby letters of credit</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>274</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="85%" style="font-family:;"><FONT SIZE=1>Total undrawn credit facilities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;579</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=1><B>7.&nbsp;FINANCIAL INSTRUMENTS  </B></FONT></P>

<HR NOSHADE>

<P style="font-family:;"><FONT SIZE=1><I>Derivatives are financial instruments that either imitate or counter the price movements of stocks, bonds, currencies, commodities and interest rates. Suncor uses derivatives
to reduce (hedge) its exposure to fluctuations in commodity prices and foreign currency exchange rates and to manage interest or currency-sensitive assets and liabilities. Suncor also uses
derivatives for trading purposes. When used in a trading activity, the company is attempting to realize a gain on the fluctuations in the market value of
the&nbsp;derivative.</I></FONT></P>

<P style="font-family:;"><FONT SIZE=1><I>Forwards and futures are contracts to purchase or sell a specific item at a specified date and price. When used as hedges, forwards and futures manage the exposure to losses
that could result if commodity prices or foreign currency exchange rates change adversely.</I></FONT></P>

<P style="font-family:;"><FONT SIZE=1><I>An option is a contract where its holder, for a fee, has purchased the right (but&nbsp;not the obligation) to buy or sell a specified item at a fixed price during a
specified period. Options used as hedges can protect against adverse changes in commodity prices, interest rates, or foreign currency exchange&nbsp;rates.</I></FONT></P>


<P style="font-family:;"><FONT SIZE=1><I>A costless collar is a combination of two option contracts that limit the holder's exposure to changes in prices to within a specific range. The "costless" nature of this
derivative is achieved by buying a put option (the&nbsp;right to sell) for consideration equal to the premium received from selling a call option (the&nbsp;right
to&nbsp;purchase).</I></FONT></P>

<P style="font-family:;"><FONT SIZE=1><I>A swap is a contract where two parties exchange commodity, currency, interest or other payments in order to alter the nature of the payments. For example, fixed interest rate
payments on debt may be converted to payments based on a floating interest rate, or vice versa; a domestic currency debt may be converted to a foreign currency&nbsp;debt.</I></FONT></P>

<P style="font-family:;"><FONT SIZE=1><B><I>See below for more technical details and amounts.</I></B></FONT></P>

<HR NOSHADE>
<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>69</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=22,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=932934,FOLIO='69',FILE='DISK130:[08ZAD1.08ZAD12501]GA12501A.;24',USER='ATOBAK',CD='26-FEB-2008;20:42' -->
<A NAME="page_ga12501_1_70"> </A>

<P style="font-family:;"><FONT SIZE=1><B>(a)&nbsp;&nbsp;&nbsp;Balance Sheet Financial Instruments  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The company's financial instruments in the Consolidated Balance Sheets consist of cash and cash equivalents, accounts receivable, derivative contracts, substantially all current
liabilities (except for the current portions of asset retirement and pension obligations), and long-term debt. Unless otherwise noted, carrying values reflect the current fair value of the
company's financial instruments. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company's fixed-term debt is accounted for under the amortized cost method with the exception of the portion of debt that has related financial hedges which is accounted for under the
fair value hedge methodology outlined below. Upon initial recognition, the cost of the debt is its fair value, adjusted for any associated transaction costs. We do not recognize gains or losses
arising from changes in the fair value, other than the foreign exchange effect, of this debt until the gains or losses are&nbsp;realized. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
following table summarizes estimated fair value information about the company's financial instruments recognized in the Consolidated Balance Sheets at December&nbsp;31: </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="48%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Carrying<BR>
Amount</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Fair<BR>
Value</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Carrying<BR>
Amount</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Fair<BR>
Value</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>Cash and cash equivalents</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>569</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>569</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>521</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>521</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>Accounts receivable</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;416</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;416</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;050</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;050</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>Current liabilities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;507</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;507</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;947</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;947</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>Long-term debt</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;811</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;926</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;363</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;505</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=1><B>(b)&nbsp;&nbsp;&nbsp;Hedges  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1><B><I>Fair Value Hedges  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Suncor
periodically enters into derivative financial instrument contracts such as interest rate swaps as part of its risk management strategy to manage its exposure to benchmark interest rate
fluctuations. The interest rate swap contracts involve an exchange of floating rate versus fixed rate interest payments between the company and investment grade counterparties. The differentials on
the exchange of periodic interest payments are recognized as an adjustment to interest expense. The fair value of the underlying debt is adjusted by the fair value change in the derivative financial
instrument with the offset to interest expense. At December&nbsp;31, 2007, the company had interest rate derivatives classified as fair value hedges outstanding for up to four&nbsp;years relating
to fixed-rate debt. There was no ineffectiveness recognized on interest rate swaps designated as fair value hedges during the twelve-month period ended December&nbsp;31, 2007. The
notional amounts of interest rate swap contracts outstanding at December&nbsp;31, 2007 are detailed in note&nbsp;6, Long-Term&nbsp;Debt. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company periodically enters into derivative contracts to hedge risks specific to individual transactions. The differentials between the fair value of the hedged transactions and the fair value of
the derivative contracts are recognized in the accounts as an adjustment to operating revenues. The earnings impact associated with hedge ineffectiveness on derivative contracts to hedge risks
specific to individual transactions during the twelve-month period ended December&nbsp;31, 2007, was a gain of $4&nbsp;million, net of income taxes of $2&nbsp;million. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B><I>Cash Flow Hedges  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Suncor
operates in a global industry where the market price of its petroleum and natural gas products is largely determined based on floating benchmark indices. The company periodically enters into
derivative financial instrument contracts such as
forwards, futures, swaps, options and costless collars to hedge against the potential adverse impact of changing market prices due to changes in the underlying indices. Specifically, the company
manages crude oil sales price variability by entering into West Texas Intermediate (WTI) derivative transactions, and manages variability in market interest rates and foreign exchange rates during
periods of debt issuance through the use of interest rate swap transactions and foreign exchange forward contracts. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>At
December&nbsp;31, 2007, the company had hedged a portion of its forecasted Canadian and U.S.&nbsp;dollar denominated cash flows subject to U.S.&nbsp;dollar WTI commodity risk for&nbsp;2008. </FONT></P>


<P style="font-family:;"><FONT SIZE=1>The
earnings impact associated with realized and unrealized hedge ineffectiveness on derivative contracts designated as cash flow hedges during the twelve-month period ended December&nbsp;31, 2007
was a loss of $5&nbsp;million, net of income taxes of $2&nbsp;million. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Certain
derivative contracts do not require the payment of premiums or cash margin deposits prior to settlement. On settlement, these contracts result in cash receipts or payments by the company for
the difference between the contract and market rates for the applicable dollars and volumes hedged during the contract term. Such cash receipts or payments offset corresponding </FONT></P>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>70</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=23,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=371004,FOLIO='70',FILE='DISK130:[08ZAD1.08ZAD12501]GA12501A.;24',USER='ATOBAK',CD='26-FEB-2008;20:42' -->
<A NAME="page_ga12501_1_71"> </A>
<BR>

<P style="font-family:;"><FONT SIZE=1>decreases
or increases in the company's sales revenues or crude oil purchase costs. For collars, if market rates are not different than, or are within the range of contract prices, the options
contracts making up the collar will expire with no exchange of cash. For accounting purposes, amounts received or paid on settlement are recorded as part of the related hedged sales or purchase
transactions. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>As
at December&nbsp;31, 2007, assets increased by $27&nbsp;million and liabilities increased by $31&nbsp;million as a result of recording derivative instruments at fair value in accordance with
the new&nbsp;standards. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Contracts
outstanding at December&nbsp;31 were as follows: </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>Revenue Hedges  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="35%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Strategic Crude Oil</B></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Quantity<BR>
(bpd)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Average Price<BR>
(US$/bbl)&nbsp;<SUP>(a)</SUP></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Revenue Hedged<BR>
(Cdn$&nbsp;millions)&nbsp;<SUP>(b)</SUP></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Hedge<BR>
Period&nbsp;<SUP>(c)</SUP></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1><B>As at December&nbsp;31, 2007</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1><B>Costless collars</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10&nbsp;000</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>59.85&nbsp;&#150;&nbsp;101.06</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>216&nbsp;&#150;&nbsp;365</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2008</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>As at December&nbsp;31, 2006</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Costless collars</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>60&nbsp;000</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>51.64&nbsp;&#150;&nbsp;93.26</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;318&nbsp;&#150;&nbsp;2&nbsp;380</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2007</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Costless collars</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10&nbsp;000</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>59.85&nbsp;&#150;&nbsp;101.06</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>255&nbsp;&#150;&nbsp;431</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2008</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>As at December&nbsp;31, 2005</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Costless collars</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7&nbsp;000</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>50.00&nbsp;&#150;&nbsp;92.57</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>149&nbsp;&#150;&nbsp;276</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Costless collars</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7&nbsp;000</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>50.00&nbsp;&#150;&nbsp;92.57</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>149&nbsp;&#150;&nbsp;276</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2007</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="75%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="100%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="38%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Natural Gas</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Quantity<BR>
(GJ/day)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Average Price<BR>
(Cdn$/GJ)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Revenue Hedged<BR>
(Cdn$&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Hedge<BR>
Period&nbsp;<SUP>(c)</SUP></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1><B>As at December&nbsp;31, 2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1><B>Swaps</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#150;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#150;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#150;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#150;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>As at December&nbsp;31, 2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Swaps</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;000</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.11</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2007</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>As at December&nbsp;31, 2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Swaps</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;000</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.58</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Costless collars</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25&nbsp;000</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10.76&nbsp;&#150;&nbsp;16.13</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24&nbsp;&#150;&nbsp;36</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;<SUP>(d)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Costless collars</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10&nbsp;000</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.75&nbsp;&#150;&nbsp;13.38</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19&nbsp;&#150;&nbsp;29</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;<SUP>(e)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Swaps</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;000</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.11</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2007</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="75%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="100%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="38%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Margin Hedges</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Quantity<BR>
(bpd)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Average Margin<BR>
(US$/bbl)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Margin Hedged<BR>
(Cdn$&nbsp;millions)&nbsp;<SUP>(b)</SUP></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Hedge<BR>
Period&nbsp;<SUP>(c)</SUP></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Refined product sale and crude purchase swaps</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1><B>As at December&nbsp;31, 2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#150;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#150;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#150;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#150;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>As at December&nbsp;31, 2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>As at December&nbsp;31, 2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5&nbsp;100</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11.69</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;<SUP>(f)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="75%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="100%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="40%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Foreign Currency Hedges</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Notional<BR>
(Euro Millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Average<BR>
Forward Rate</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Dollars Hedged<BR>
(Cdn$&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Hedge<BR>
Period&nbsp;<SUP>(c)</SUP></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1><B>As at December&nbsp;31, 2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>Euro/Cdn forward</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#150;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#150;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#150;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#150;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>As at December&nbsp;31, 2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>Euro/Cdn forward</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20.6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.41</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>29.0</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2007</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;<SUP>(g)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>As at December&nbsp;31, 2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>Euro/Cdn forward</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.39</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13.8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;<SUP>(h)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>Euro/Cdn forward</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20.6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.41</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>29.0</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2007</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;<SUP>(g)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Average
price for crude costless collars is US$ WTI per barrel at Cushing, Oklahoma.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(b)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>The
revenue and margin hedged is translated to Cdn$ at the respective year-end exchange rate and is subject to change as the US$/Cdn$ exchange rate fluctuates during the
hedge&nbsp;period.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(c)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Original
hedge term is for the full year unless otherwise noted.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(d)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>For
the period January to March&nbsp;2006, inclusive.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(e)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>For
the period April to October&nbsp;2006, inclusive.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(f)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>For
the period January to May&nbsp;2006, inclusive.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(g)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Settlement
for applicable forwards occurring within the period April to September&nbsp;2007.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(h)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Settlement
for applicable forward was March&nbsp;2006. </FONT></DD></DL>
<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>71</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=24,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=752915,FOLIO='71',FILE='DISK130:[08ZAD1.08ZAD12501]GA12501A.;24',USER='ATOBAK',CD='26-FEB-2008;20:42' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:;"><FONT SIZE=2><A
NAME="page_gc12501_1_72"> </A> </FONT> <FONT SIZE=6><B>

<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->

 </B></FONT><FONT SIZE=1><B><I>Fair Value of Hedging Derivative Financial Instruments  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
fair value of hedging derivative financial instruments as recorded, is the estimated amount, based on broker quotes and/or internal valuation models that the company would receive (pay) to
terminate the hedging derivative contracts. Such amounts, which also represent the unrealized gain (loss) on the contracts, were as follows at December&nbsp;31: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="73%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Revenue hedge swaps and collars</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(11</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>22</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Fixed to floating interest rate swaps</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Specific hedges of individual transactions</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>12</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(4</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Fair value of outstanding hedging derivative financial instruments</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>9</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>34</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=1><B><I>Accumulated Other Comprehensive Income (AOCI)  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>A
reconciliation of changes in AOCI attributable to derivative hedging activities for the twelve-month period ending December&nbsp;31, 2007, is as&nbsp;follows: </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="78%" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="78%" style="font-family:;"><FONT SIZE=1>AOCI attributable to derivatives and hedging activities, recorded upon initial adoption on January&nbsp;1, 2007, net&nbsp;of&nbsp;income taxes of $5</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="78%" style="font-family:;"><FONT SIZE=1>Current year net changes arising from cash flow hedges, net&nbsp;of&nbsp;income taxes of $1</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8</B></FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="78%" style="font-family:;"><FONT SIZE=1>Net unrealized hedging gains at the beginning of the year reclassified to earnings during the period, net&nbsp;of&nbsp;income taxes of $2</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(3</B></FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="78%" style="font-family:;"><FONT SIZE=1>AOCI attributable to derivatives and hedging activities, at December&nbsp;31, 2007, net&nbsp;of&nbsp;income taxes of $4</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>13</B></FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=1><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;Energy Marketing and Trading Activities  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>In
addition to the financial derivatives used for hedging activities, the company uses physical and financial energy contracts, including swaps, forwards and options to earn trading and marketing
revenues. The financial energy trading activities are accounted for using the mark-to-market method and, as such, these derivative instruments are recorded at fair value at
each balance sheet date. Physical energy marketing contracts involve activities intended to enhance prices and satisfy physical deliveries to customers. The results of these activities are reported as
revenue and as energy trading and marketing expenses in the Consolidated Statements of Earnings and Comprehensive Income. The net pretax earnings (loss) for the years ended December&nbsp;31 were
as&nbsp;follows: </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>Net Pretax Earnings (Loss)  </B></FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="61%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="61%" style="font-family:;"><FONT SIZE=1>Physical energy contracts trading activity</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>21</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>41</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="61%" style="font-family:;"><FONT SIZE=1>Financial energy contracts trading activity</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="61%" style="font-family:;"><FONT SIZE=1>General and administrative costs</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(4</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="61%" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>14</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>35</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>17</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1>The fair value of unsettled (unrealized) energy trading assets and liabilities at December&nbsp;31 were as&nbsp;follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="73%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Energy trading assets</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>18</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Energy trading liabilities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>21</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Net energy trading assets (liabilities)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>72</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=25,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=924989,FOLIO='72',FILE='DISK130:[08ZAD1.08ZAD12501]GC12501A.;26',USER='STOTHA',CD=';1-MAR-2008;16:42' -->
<A NAME="page_gc12501_1_73"> </A>

<P style="font-family:;"><FONT SIZE=1><B>Change in fair value of net assets  </B></FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="84%" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="84%" style="font-family:;"><FONT SIZE=1>Fair value of contracts at December&nbsp;31, 2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="84%" style="font-family:;"><FONT SIZE=1>Fair value of contracts realized during the period</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>29</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="84%" style="font-family:;"><FONT SIZE=1>Fair value of contracts entered into during the period</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(56</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="84%" style="font-family:;"><FONT SIZE=1>Changes in values attributable to market price and other market changes during the period</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>21</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="84%" style="font-family:;"><FONT SIZE=1><B>Fair Value of Contracts outstanding at December&nbsp;31, 2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(3</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1>The source of the valuations of the above contracts was based on actively quoted prices and/or internal valuation models. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(d)&nbsp;&nbsp;&nbsp;Counterparty Credit Risk  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company may be exposed to certain losses in the event that counterparties to the derivative financial instruments are unable to meet the terms of the contracts. The company's exposure is limited
to those counterparties holding derivative contracts with positive fair values at the reporting date. The company minimizes this risk by ensuring that substantially all agreements are with
counterparties of investment grade. Risk is also minimized through regular management review of credit ratings and potential exposure to such counterparties. At December&nbsp;31, the company had
exposure to credit risk with counterparties as&nbsp;follows: </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="73%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Derivative contracts not accounted for as hedges</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>18</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Derivative contracts accounted for as hedges</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>20</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>35</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>38</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>51</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1><B>8.&nbsp;ACCRUED LIABILITIES AND OTHER  </B></FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="73%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Asset retirement obligations&nbsp;</FONT><FONT SIZE=1><B><SUP>(a)</SUP></B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>882</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>704</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Employee future benefits liability (see&nbsp;note&nbsp;9)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>175</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>170</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Employee and&nbsp;director incentive plans&nbsp;</FONT><FONT SIZE=1><B><SUP>(b)</SUP></B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>173</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>143</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Deferred revenue</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>164</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>143</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Environmental remediation costs&nbsp;</FONT><FONT SIZE=1><B><SUP>(c)</SUP></B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>11</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Other</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>29</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>28</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;434</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;214</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=1><B>(a)&nbsp;&nbsp;&nbsp;Asset Retirement Obligations (ARO)  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
following table presents the reconciliation of the beginning and ending aggregate carrying amount of the total obligations associated with the retirement of property, plant and&nbsp;equipment. </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="73%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Asset retirement obligations, beginning of year</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>808</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>543</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Liabilities incurred</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>275</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>286</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Liabilities settled</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(59</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(54</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Accretion of asset retirement obligations</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>48</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>33</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Asset retirement obligations, end of year</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;072</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>808</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1>The portion of the ARO expected to be paid within one year is shown within current liabilities and amounts to an additional $190&nbsp;million
(2006&nbsp;&#150;&nbsp;$104&nbsp;million). </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
total undiscounted amount of estimated future cash flows required to settle the obligations at December&nbsp;31, 2007, was approximately $2.2&nbsp;billion
(2006&nbsp;&#150;&nbsp;$1.7&nbsp;billion). The liability recognized in 2007 was discounted using the company's credit-adjusted risk-free rate of 6.0%
(2006&nbsp;&#150;&nbsp;5.5%). Payments to settle the ARO occur on an ongoing basis and will continue over the lives of the operating assets, which can exceed 30&nbsp;years. </FONT></P>


<P style="font-family:;"><FONT SIZE=1>A
significant portion of the company's assets, including the upgrading facilities at the oil sands operation and the two downstream refineries located in Sarnia and Commerce City, have retirement
obligations for which the fair value cannot be </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>73</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
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<BR>

<P style="font-family:;"><FONT SIZE=1>reasonably
determined because the assets currently have an indeterminate life. The asset retirement obligation for these assets will be recorded in the first period in which the lives of the assets
are determinable. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(b)&nbsp;&nbsp;&nbsp;Employee and Director Incentive Plans  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
portion of the employee and director incentive plans expected to be paid within one year is shown within current liabilities and amounts to an additional $50&nbsp;million
(2006&nbsp;&#150;&nbsp;$32&nbsp;million). </FONT></P>


<P style="font-family:;"><FONT SIZE=1><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;Environmental Remediation Costs  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
portion of the environmental remediation costs expected to be paid within one year is shown within current liabilities and amounts to an additional $19&nbsp;million
(2006&nbsp;&#150;&nbsp;$17&nbsp;million). Environmental remediation costs are obligations assumed through the purchase of the Commerce City refineries. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>9.&nbsp;EMPLOYEE FUTURE BENEFITS LIABILITY  </B></FONT></P>

<HR NOSHADE>

<P style="font-family:;"><FONT SIZE=1><I>Suncor employees are eligible to receive certain pension, health care and insurance benefits when they retire. The related </I></FONT><FONT SIZE=1><B><I>Benefit Obligation  </I></B></FONT><FONT SIZE=1><I>or commitment that Suncor
has to employees and retirees at December&nbsp;31, 2007, was $1,063&nbsp;million
(2006&nbsp;&#150;&nbsp;$1,024&nbsp;million).</I></FONT></P>

<P style="font-family:;"><FONT SIZE=1><I>As required by government regulations, Suncor sets aside funds with an independent trustee to meet certain of the pension obligations. The company funds its unregistered
supplementary pension plan and supplementary senior executive retirement plan on a voluntary basis. The amount and timing of future funding for these supplementary plans is subject to capital
availability and is at the company's discretion. At the end of December&nbsp;2007, </I></FONT><FONT SIZE=1><B><I>Plan Assets </I></B></FONT><FONT SIZE=1><I>to meet the </I></FONT><FONT SIZE=1><B><I>Benefit Obligation  </I></B></FONT><FONT
SIZE=1><I>were $684&nbsp;million (2006&nbsp;&#150;&nbsp;$616&nbsp;million).</I></FONT></P>


<P style="font-family:;"><FONT SIZE=1><I>The excess of the </I></FONT><FONT SIZE=1><B><I>Benefit Obligation </I></B></FONT><FONT SIZE=1><I>over </I></FONT><FONT SIZE=1><B><I>Plan Assets </I></B></FONT><FONT SIZE=1><I>of $379&nbsp;million
(2006&nbsp;&#150;&nbsp;$408&nbsp;million) represents the </I></FONT><FONT SIZE=1><B><I>Net Unfunded Obligation</I></B></FONT><FONT SIZE=1><I>.</I></FONT></P>

<P style="font-family:;"><FONT SIZE=1><B><I>See below for more technical details and amounts.</I></B></FONT></P>

<HR NOSHADE>

<P style="font-family:;"><FONT SIZE=1><B>Defined Benefit Pension Plans and Other Post-Retirement Benefits  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company's defined benefit pension plans provide non-indexed pension benefits at retirement based on years of service and final average earnings. These obligations are met through
funded registered retirement plans and through unregistered supplementary pensions and senior executive retirement plans that are voluntarily funded through retirement compensation arrangements,
and/or paid directly to recipients. Company contributions to the funded plans are deposited with independent trustees who act as custodians of the plans' assets, as well as the disbursing agents of
the benefits to recipients. Plan assets are managed by a pension committee on behalf of beneficiaries. The committee retains independent managers and&nbsp;advisors. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Funding
of the registered retirement plans complies with applicable regulations that require actuarial valuations of the pension funds at least once every three years in Canada, depending on funding
status, and every year in the United&nbsp;States. The most recent valuation for the Canadian plan was performed as at December&nbsp;31,&nbsp;2006. </FONT></P>


<P style="font-family:;"><FONT SIZE=1>The
company's other post-retirement benefits programs are unfunded and include certain health care and life insurance benefits provided to retired employees and eligible surviving
dependants. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
expense and obligations for both funded and unfunded benefits are determined in accordance with Canadian GAAP and actuarial principles. Obligations are based on the projected benefit method of
valuation that includes employee service to date and present pay levels, as well as a projection of salaries and service to&nbsp;retirement. </FONT></P>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>74</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
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<A NAME="page_gc12501_1_75"> </A>

<P style="font-family:;"><FONT SIZE=1><B>Obligations and Funded Status  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
following table presents information about obligations recognized in the Consolidated Balance Sheets and the funded status of the plans at December&nbsp;31: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Pension Benefits</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Other<BR>
Post-Retirement Benefits</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Change in benefit obligation</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Benefit obligation at beginning of year</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>866</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>745</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>158</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>144</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Service costs</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>51</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>44</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Interest costs</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>45</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>40</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Plan participants' contributions</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Foreign exchange</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(5</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(2</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Actuarial (gain) loss</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(28</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>67</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Benefits paid</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(33</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(32</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(4</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Benefit obligation at end of year&nbsp;<SUP>(a)</SUP>&nbsp;<SUP>(d)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>901</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>866</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>162</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>158</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Change in plan assets</B></FONT><FONT SIZE=1>&nbsp;<SUP>(b)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Fair value of plan assets at beginning of year</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>616</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>479</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Actual return on plan assets</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>7</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>60</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Employer contributions</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>88</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>103</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Foreign exchange</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(2</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Plan participants' contributions</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Benefits paid</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(30</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(30</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Fair value of plan assets at end of year&nbsp;<SUP>(d)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>684</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>616</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net unfunded obligation</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(217</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(250</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(162</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(158</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Items not yet recognized in earnings:</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Unamortized net actuarial loss&nbsp;<SUP>(c)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>158</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>177</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>43</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>52</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Unamortized past service costs</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(20</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(23</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Accrued benefit liability</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(59</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(73</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(139</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(129</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Current liability</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(41</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(46</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Long-term liability</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(40</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(44</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(136</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(126</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Long-term asset</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>22</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>17</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Total accrued benefit liability</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(59</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(73</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(139</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(129</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Obligations
are based on the following assumptions: </FONT></DD></DL>
<BR>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="70%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="47%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Pension Benefit<BR>
Obligations</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Other Post-Retirement<BR>
Benefits Obligations</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="47%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>(percent)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="47%" style="font-family:;"><FONT SIZE=1>Discount rate</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.25</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.00</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.25</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.00</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="47%" style="font-family:;"><FONT SIZE=1>Rate of compensation increase</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.00</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.00</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4.75</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4.75</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<UL>

<P style="font-family:;"><FONT SIZE=1>A one percent change in the assumptions at which pension benefits and other post-retirement benefits liabilities could be effectively settled is
as&nbsp;follows: </FONT></P>
</UL>
<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="70%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="18%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Rate of Return<BR>
on Plan Assets</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Discount Rate</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Rate of Compensation<BR>
Increase</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="18%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>1% increase</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>1% decrease</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>1% increase</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>1% decrease</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>1% increase</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>1% decrease</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=15 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="18%" style="font-family:;"><FONT SIZE=1>Increase (decrease) to net&nbsp;periodic benefit cost</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(6</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(21</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(9</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="18%" style="font-family:;"><FONT SIZE=1>Increase (decrease) to benefit&nbsp;obligation</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(140</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>165</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>35</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(32</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=15 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<UL>

<P style="font-family:;"><FONT SIZE=1>In order to measure the expected cost of other post-retirement benefits, a 9% annual rate of increase in the per capita cost of covered health care
benefits was assumed for 2007 (2006&nbsp;&#150;&nbsp;9.5%; 2005&nbsp;&#150;&nbsp;10%). It is assumed that this rate will remain constant in 2008 and 2009
and will decrease by 0.5% annually, to 5% by 2017, and remain at that level thereafter. </FONT></P>


<P style="font-family:;"><FONT SIZE=1>Assumed health care cost trend rates may have a significant effect on the amounts reported for other post-retirement benefit obligations. A&nbsp;one
percent change in assumed health care cost trend rates would have the following effects: </FONT></P>
</UL>
<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="70%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="67%" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1% increase</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1% decrease</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="67%" style="font-family:;"><FONT SIZE=1>Increase (decrease) to total of service and interest cost components of net periodic post-retirement health care benefit cost</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="67%" style="font-family:;"><FONT SIZE=1>Increase (decrease) to the health care component of the accumulated post-retirement benefit obligation</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(12</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>75</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=28,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=837410,FOLIO='75',FILE='DISK130:[08ZAD1.08ZAD12501]GC12501A.;26',USER='STOTHA',CD=';1-MAR-2008;16:42' -->
<A NAME="page_gc12501_1_76"> </A>
<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(b)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Pension
plan assets are not the company's assets and therefore are not included in the Consolidated Balance&nbsp;Sheets.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(c)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>The
unamortized net actuarial loss represents annually calculated differences between actual and projected plan performance. These amounts are amortized as part of the net periodic
benefit cost over the expected average remaining service life of employees of 11&nbsp;years for pension benefits (2006&nbsp;&#150;&nbsp;11&nbsp;years;
2005&nbsp;&#150;&nbsp;11&nbsp;years), and over the expected average future service life to full eligibility age of 12&nbsp;years for other post-retirement
benefits (2006&nbsp;&#150;&nbsp;10&nbsp;years; 2005&nbsp;&#150;&nbsp;9&nbsp;years).
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(d)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>The
company uses a measurement date of December&nbsp;31 to value the plan assets and accrued benefit obligation. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=1>The above benefit obligation at year-end includes partially funded and unfunded plans, as&nbsp;follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Pension Benefits</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Other<BR>
Post-Retirement Benefits</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1>Partially funded plans</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>901</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>866</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1>Unfunded plans</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>162</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>158</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1>Benefit obligation at end of year</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>901</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>866</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>162</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>158</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1><B>Components of Net Periodic Benefit Cost</B></FONT><FONT SIZE=1>&nbsp;<SUP>(i)</SUP> </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="27%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Pension Benefits</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Other<BR>
Post-Retirement Benefits</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="27%" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="27%" style="font-family:;"><FONT SIZE=1>Current service costs</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>51</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>44</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>32</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="27%" style="font-family:;"><FONT SIZE=1>Interest costs</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>45</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>40</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>38</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="27%" style="font-family:;"><FONT SIZE=1>Expected return on plan assets&nbsp;<SUP>(ii)</SUP></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(42</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(32</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(28</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="27%" style="font-family:;"><FONT SIZE=1>Amortization of net actuarial loss</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>28</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="27%" style="font-family:;"><FONT SIZE=1>Net periodic benefit cost recognized&nbsp;<SUP>(iii)</SUP></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>79</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>80</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>63</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>15</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>14</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1><B>Components of Net Incurred Benefit Cost</B></FONT><FONT SIZE=1>&nbsp;<SUP>(i)</SUP> </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="27%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Pension Benefits</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Other<BR>
Post-Retirement Benefits</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="27%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="27%" style="font-family:;"><FONT SIZE=1>Current service costs</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>51</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>44</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>32</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="27%" style="font-family:;"><FONT SIZE=1>Interest costs</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>45</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>40</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>38</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="27%" style="font-family:;"><FONT SIZE=1>Actual return on plan assets&nbsp;<SUP>(ii)</SUP></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(7</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(60</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(41</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="27%" style="font-family:;"><FONT SIZE=1>Actuarial (gain) loss</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(28</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>67</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>75</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(4</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="27%" style="font-family:;"><FONT SIZE=1>Net incurred benefit cost</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>61</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>91</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>104</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(i)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>The
net periodic benefit cost includes certain accounting adjustments made to allocate costs to the periods in which employee services are rendered, consistent with the
long-term nature of the benefits. Costs actually incurred in the period (arising from actual returns on plan assets and actuarial gains and losses in the period) differ from allocated
costs recognized.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(ii)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>The
expected return on plan assets is the expected long-term rate of return on plan assets for the year. It is based on plan assets at the beginning of the
year that have been adjusted on a weighted-average basis for contributions and benefit payments expected for the year. The expected return on plan assets is included in the net periodic
benefit cost for the year to which it relates, while the difference between it and the actual return realized on plan assets in the same year is amortized over the expected average remaining service
life of employees of 11&nbsp;years for pension benefits. </FONT></DD></DL>
<UL>

<P style="font-family:;"><FONT SIZE=1>To estimate the expected long-term rate of return on plan assets, the company considered the current level of expected returns on the fixed income
portion of the portfolio, the historical level of the risk premium associated with other asset classes in which the portfolio is invested and the expectation for future returns on each asset class.
The expected return for each asset class was weighted based on the policy asset mix to develop an expected long-term rate of return on asset assumption for the&nbsp;portfolio. </FONT></P>

</UL>
<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(iii)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Pension
expense is based on the following assumptions: </FONT></DD></DL>
<BR>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="70%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="25%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Pension<BR>
Benefit Expense</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Other Post-Retirement<BR>
Benefits Expense</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="25%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>(percent)</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="25%" style="font-family:;"><FONT SIZE=1>Discount rate</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.00</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.00</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.75</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.00</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.00</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.75</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="25%" style="font-family:;"><FONT SIZE=1>Expected return on plan assets</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.50</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.50</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.75</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>N/A</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>N/A</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>N/A</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="25%" style="font-family:;"><FONT SIZE=1>Rate of compensation increase</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.00</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4.50</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4.50</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4.75</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4.25</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4.25</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>76</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=29,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=147748,FOLIO='76',FILE='DISK130:[08ZAD1.08ZAD12501]GC12501A.;26',USER='STOTHA',CD=';1-MAR-2008;16:42' -->
<A NAME="page_gc12501_1_77"> </A>

<P style="font-family:;"><FONT SIZE=1><B>Plan Assets and Investment Objectives  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company's long-term investment objective is to secure the defined pension benefits while managing the variability and level of its contributions. The portfolio is rebalanced
periodically as required, while ensuring that the maximum equity content is 65% at any time. Plan assets are restricted to those permitted by legislation, where applicable. Investments are made
through pooled, mutual, segregated or exchange traded&nbsp;funds. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company's weighted-average pension plan asset allocation based on market values as at December&nbsp;31, 2007 and 2006, and the target allocation for 2008, are as&nbsp;follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Target&nbsp;Allocation&nbsp;%</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Plan Assets %</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="53%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Asset Category</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2008</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1>Equities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>60</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>58</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>61</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1>Fixed income</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>40</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>42</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>39</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>100</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>100</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>100</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1>Equity securities do not include any direct investments in Suncor shares. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>Cash Flows  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company expects that contributions to its pension plans in 2008 will be $72&nbsp;million, including approximately $10&nbsp;million for the company's supplemental executive and supplemental
retirement plans. Expected benefit payments from all of the plans are as&nbsp;follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="64%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Pension<BR>
Benefits</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Other<BR>
Post-Retirement<BR>
Benefits</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="64%" style="font-family:;"><FONT SIZE=1>2008</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>38</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="64%" style="font-family:;"><FONT SIZE=1>2009</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>42</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="64%" style="font-family:;"><FONT SIZE=1>2010</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>45</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="64%" style="font-family:;"><FONT SIZE=1>2011</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>47</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="64%" style="font-family:;"><FONT SIZE=1>2012</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>51</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="64%" style="font-family:;"><FONT SIZE=1>2013&nbsp;-&nbsp;2017</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>310</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>47</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="64%" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>533</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>79</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1><B>Defined Contribution Pension Plan  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company has a Canadian defined contribution plan and a U.S.&nbsp;401(k) savings plan, under which both the company and employees make contributions. Company contributions and corresponding
expense totalled $13&nbsp;million in 2007 (2006&nbsp;&#150;&nbsp;$11&nbsp;million; 2005&nbsp;&#150;&nbsp;$10&nbsp;million). </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>77</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=30,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=1044876,FOLIO='77',FILE='DISK130:[08ZAD1.08ZAD12501]GC12501A.;26',USER='STOTHA',CD=';1-MAR-2008;16:42' -->
<A NAME="page_gc12501_1_78"> </A>

<P style="font-family:;"><FONT SIZE=1><B>10.&nbsp;INCOME TAXES  </B></FONT></P>

<HR NOSHADE>

<P style="font-family:;"><FONT SIZE=1><I>The assets and liabilities shown on Suncor's balance sheets are calculated in accordance with Canadian GAAP. Suncor's income taxes are calculated according to government tax
laws and regulations, which results in different values for certain assets and liabilities for income tax purposes. These differences are known as </I></FONT><FONT SIZE=1><B><I>temporary
differences</I></B></FONT><FONT SIZE=1><I>, because eventually these differences will reverse.</I></FONT></P>

<P style="font-family:;"><FONT SIZE=1><I>The amount shown on the balance sheets as </I></FONT><FONT SIZE=1><B><I>future income taxes</I></B></FONT><FONT SIZE=1><I> represent income taxes that will eventually be payable or
recoverable in future years when these temporary differences reverse.</I></FONT></P>


<P style="font-family:;"><FONT SIZE=1><B><I>See below for more technical details and amounts.</I></B></FONT></P>

<HR NOSHADE>

<P style="font-family:;"><FONT SIZE=1>The
provision for income taxes reflects an effective tax rate that differs from the statutory tax rate. A reconciliation of the two rates and the dollar effect is as&nbsp;follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Amount</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Amount</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Amount</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>%</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=16 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Federal tax rate</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;053</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>32</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;256</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>33</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>648</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>35</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Provincial abatement</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(294</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(9</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(381</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(186</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(10</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Federal surtax</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>33</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>43</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Provincial tax rates</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>307</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>9</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>395</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>213</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=16 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Statutory tax and rate</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;099</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>33</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;313</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>34</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>696</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>38</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Adjustment of statutory rate for future rate reductions</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(133</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(4</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(146</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(84</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(5</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=16 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>966</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>29</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;167</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>30</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>612</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>33</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Add (deduct) the tax effect of:</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>Crown royalties</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>125</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>119</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>Resource allowance&nbsp;<SUP>(a)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(42</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(48</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>Large corporations tax</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>23</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>Tax rate changes on opening future income taxes&nbsp;<SUP>(b)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(427</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(13</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(419</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(11</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>Attributed Canadian royalty&nbsp;income</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(23</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(24</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>Stock-based compensation</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>33</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>Assessments and adjustments</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(1</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>Capital gains</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(40</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(1</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>Other</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(18</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(1</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=16 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Income taxes and effective&nbsp;rate</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>513</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>15</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>835</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>694</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>37</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=16 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>The
resource allowance was a federal tax deduction allowed as a proxy for non-deductible provincial Crown royalties. As required by GAAP in Canada, resource allowance is
accounted for by adjusting the statutory tax rate by the resource allowance rate. Resource allowance has been phased out effective January&nbsp;1,&nbsp;2007.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(b)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>During
2007, the federal government enacted tax rate reductions totalling $427&nbsp;million. During the fourth quarter of 2007 the federal government substantively enacted a 3.5%
reduction to its federal corporate tax rates. Accordingly, the company recognized a reduction in future income tax expense of $360&nbsp;million related to the revaluation of its opening future
income tax&nbsp;balances. During the second quarter of 2007 the federal government substantively enacted a 0.5% reduction to its federal corporate tax rates. Accordingly, the company recognized a
reduction in future income tax expense of $67&nbsp;million related to the revaluation of its opening future income tax&nbsp;balances. </FONT></DD></DL>
<UL>

<P style="font-family:;"><FONT SIZE=1>During 2006, there were both federal and provincial government rate reductions totalling $419&nbsp;million. During the second quarter of 2006 the federal
government substantively enacted a 3.1% reduction to its federal corporate tax rates. Accordingly, the company recognized a reduction in future income tax expense of $292&nbsp;million related to the
revaluation of its opening future income tax&nbsp;balances. As well, the provincial government of Alberta substantively enacted a 1.5% reduction to its provincial corporate tax rates during the
second quarter of 2006. Accordingly, the company recognized a reduction in future income tax expense of $127&nbsp;million related to the revaluation of its opening future income tax&nbsp;balances. </FONT></P>

</UL>

<P style="font-family:;"><FONT SIZE=1>In 2007 net income tax payments totalled $152&nbsp;million (2006&nbsp;&#150;&nbsp;$36&nbsp;million;
2005&nbsp;&#150;&nbsp;$77&nbsp;million). </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>78</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=31,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=965975,FOLIO='78',FILE='DISK130:[08ZAD1.08ZAD12501]GC12501A.;26',USER='STOTHA',CD=';1-MAR-2008;16:42' -->
<A NAME="page_gc12501_1_79"> </A>

<P style="font-family:;"><FONT SIZE=1>At
December&nbsp;31, future income taxes were comprised of the following: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Current</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Non-Current</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Current</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Non-Current</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Future income tax assets:</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Employee future benefits</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>16</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Asset retirement obligations</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>49</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>32</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Inventories</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>84</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>59</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Other</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(19</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>130</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>109</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Future income tax liabilities:</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Excess of book values of assets over tax values</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;378</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;413</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Deferred maintenance shutdown costs</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>89</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>43</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Employee future benefits</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(102</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(88</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Asset retirement obligations</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(220</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(203</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Attributed Canadian royalty income</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(93</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%" style="font-family:;"><FONT SIZE=1>Other</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>67</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;212</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;072</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=1><B>11.&nbsp;COMMITMENTS, CONTINGENCIES, VARIABLE INTEREST ENTITIES, AND GUARANTEES  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(a)&nbsp;&nbsp;&nbsp;Operating Commitments  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>In
order to ensure continued availability of, and access to, facilities and services to meet its operational requirements, the company periodically enters into transportation service agreements for
pipeline capacity and energy services agreements as well as non-cancellable operating leases for service stations, office space and other property and equipment. Under contracts existing
at December&nbsp;31, 2007, future minimum amounts payable under these leases and agreements are as&nbsp;follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="67%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Pipeline Capacity and<BR>
Energy Services&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Operating<BR>
Leases</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="67%" style="font-family:;"><FONT SIZE=1>2008</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>284</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>46</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="67%" style="font-family:;"><FONT SIZE=1>2009</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>313</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>38</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="67%" style="font-family:;"><FONT SIZE=1>2010</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>388</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>31</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="67%" style="font-family:;"><FONT SIZE=1>2011</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>379</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="67%" style="font-family:;"><FONT SIZE=1>2012</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>364</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>23</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="67%" style="font-family:;"><FONT SIZE=1>Later years</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5&nbsp;284</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>134</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="67%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7&nbsp;012</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>298</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Includes
annual tolls payable under transportation service agreements with major pipeline companies to use a portion of their pipeline capacity and tankage, as applicable, including
the shipment of crude oil from Fort McMurray to Hardisty, Alberta. The agreements commenced in 1999 and extend up to 2033. As the initial shipper on one of the pipelines, Suncor's tolls payable are
subject to annual adjustments. </FONT></DD></DL>
<UL>

<P style="font-family:;"><FONT SIZE=1>Suncor has commitments under long-term energy agreements to obtain a portion of the power and the steam generated by certain cogeneration facilities
owned by a major third-party energy company. Since October&nbsp;1999, this third-party has also managed the operations of Suncor's existing energy services facility at its oil sands operations. </FONT></P>

</UL>

<P style="font-family:;"><FONT SIZE=1><B>(b)&nbsp;&nbsp;&nbsp;Contingencies  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company is subject to various regulatory and statutory requirements relating to the protection of the environment. These requirements, in addition to contractual agreements and management
decisions, result in the recognition of estimated asset retirement obligations. Estimates of asset retirement obligation costs can change significantly based on such factors as operating experience
and changes in legislation and regulations. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company carries both property damage and business interruption insurance policies with a combined coverage limit of up to US$1.7&nbsp;billion, net of deductible amounts or waiting periods. The
primary property loss policy of US$250&nbsp;million has a deductible of US$10&nbsp;million per incident. Suncor has 100% ownership interest in Fort Insurance Limited, an insurance company which
provides coverage to Suncor including business interruption coverage for oil sands with a limit of US$150&nbsp;million and a deductible of the greater of 30&nbsp;days or US$50&nbsp;million. The
excess coverage of US$1.3&nbsp;billion can be used for either property damage or business interruption coverage for oil sands operations. Excess business interruption coverage begins the greater of
90&nbsp;days from the date of the incident or US$250&nbsp;million in gross earnings lost. For the purposes of determining loss for business interruption claims, the excess coverage has a ceiling
of US$50 WTI and a lost production maximum of 150,000&nbsp;barrels per&nbsp;day. </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>79</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=32,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=200536,FOLIO='79',FILE='DISK130:[08ZAD1.08ZAD12501]GC12501A.;26',USER='STOTHA',CD=';1-MAR-2008;16:42' -->
<A NAME="page_gc12501_1_80"> </A>

<P style="font-family:;"><FONT SIZE=1>The
company is defendant and plaintiff in a number of legal actions that arise in the normal course of business. The company believes that any liabilities that might arise pertaining to such matters
would not have a material effect on its consolidated financial position. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Costs
attributable to these commitments and contingencies are expected to be incurred over an extended period of time and to be funded from the company's cash flow from operating activities. Although
the ultimate impact of these matters on net earnings cannot be determined at this time, the impact may be&nbsp;material. </FONT></P>


<P style="font-family:;"><FONT SIZE=1><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;Guarantees, Variable Interest Entities (VIE), and Off-Balance Sheet Arrangements  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>At
December&nbsp;31, 2007, the company had various indemnification agreements with third parties as described below. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company has a securitization program in place to sell, on a revolving, fully serviced and limited recourse basis, up to $170&nbsp;million of accounts receivable
(2006&nbsp;&#150;&nbsp;$170&nbsp;million) having a maturity of 45&nbsp;days or less, to a third party. The third party is a multiple party securitization vehicle that
provides funding for numerous asset pools. As at December&nbsp;31, 2007, no outstanding accounts receivable had been sold under the program
(2006&nbsp;&#150;&nbsp;$170&nbsp;million). Although the company does not believe it has any significant exposure to credit losses, under the recourse provisions, the company
provided indemnification against potential credit losses for certain counterparties. This indemnification did not exceed $42&nbsp;million in 2007 and no contingent liability or earnings impact have
been recorded for this indemnification as the company believes it has no significant exposure to credit losses. Proceeds received from new securitizations and proceeds from collections reinvested in
securitizations on a revolving basis for the year ended December&nbsp;31, 2007, were $170&nbsp;million and approximately $1,530&nbsp;million, respectively. The company recorded an
after-tax loss of approximately $4&nbsp;million on the securitization program in 2007 (2006&nbsp;&#150;&nbsp;$2&nbsp;million;
2005&nbsp;&#150;&nbsp;$4&nbsp;million). </FONT></P>

<P style="font-family:;"><FONT SIZE=1>In
1999, the company entered into an equipment sale and leaseback arrangement with a VIE for proceeds of $30&nbsp;million. The VIE's sole asset is the equipment sold to it and leased back by the
company. The VIE was consolidated effective January&nbsp;1, 2005. The initial lease term covers a period of seven years and is accounted for as an operating lease. The company repurchased the
equipment in 2006 for $21&nbsp;million. As at December&nbsp;31, 2007, the VIE did not have any assets or&nbsp;liabilities. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company has agreed to indemnify holders of the 6.50% notes, the 7.15% notes, the 5.95% notes and the company's credit facility lenders (see&nbsp;note&nbsp;6) for&nbsp;added costs relating to
taxes, assessments or other government charges or conditions, including any required withholding amounts. Similar indemnity terms apply to the receivables securitization program, and certain facility
and equipment leases. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>There
is no limit to the maximum amount payable under the indemnification agreements described above. The company is unable to determine the maximum potential amount payable as government regulations
and legislation are subject to change without notice. Under these agreements, Suncor has the option to redeem or terminate these contracts if additional costs are&nbsp;incurred. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>12.&nbsp;SHARE CAPITAL  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(a)&nbsp;&nbsp;&nbsp;Authorized  </B></FONT></P>


<P style="font-family:;"><FONT SIZE=1><B><I>Common Shares  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company is authorized to issue an unlimited number of common shares without nominal or par&nbsp;value. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B><I>Preferred Shares  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company is authorized to issue an unlimited number of preferred shares in series, without nominal or par&nbsp;value. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>80</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=33,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=854857,FOLIO='80',FILE='DISK130:[08ZAD1.08ZAD12501]GC12501A.;26',USER='STOTHA',CD=';1-MAR-2008;16:42' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:;"><FONT SIZE=2><A
NAME="page_ge12501_1_81"> </A> </FONT> <FONT SIZE=6><B>

<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->

 </B></FONT><FONT SIZE=1><B>(b)&nbsp;&nbsp;&nbsp;Issued  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Common Shares</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="71%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Number<BR>
(thousands)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Amount<BR>
($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Balance as at December&nbsp;31, 2004</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>454&nbsp;241</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>651</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Issued for cash under stock option plans</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;302</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>74</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Issued under dividend reinvestment plan</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>122</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Balance as at December&nbsp;31, 2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>457&nbsp;665</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>732</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Issued for cash under stock option plans</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;147</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>52</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Issued under dividend reinvestment plan</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>132</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Balance as at December&nbsp;31, 2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>459&nbsp;944</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>794</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Issued for cash under stock options plan</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;694</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>74</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Issued under dividend reinvestment plan</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>145</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>13</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1><B>Balance as at December&nbsp;31, 2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>462&nbsp;783</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>881</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1><B><I>Common Share Options  </I></B></FONT></P>

<HR NOSHADE>

<P style="font-family:;"><FONT SIZE=1><I>A common share option gives the holder the right, but not the obligation, to purchase common shares at a predetermined price over a specified period
of&nbsp;time.</I></FONT></P>

<P style="font-family:;"><FONT SIZE=1><I>After the date of grant, employees and directors that hold options must earn the right to exercise them. This is done by the employee or director fulfilling a time requirement
for service to the company, and with respect to certain options, subject to accelerated vesting should the company meet predetermined performance criterion. Once this right has been earned, these
options are considered vested.</I></FONT></P>

<P style="font-family:;"><FONT SIZE=1><I>The predetermined price at which an option can be exercised is equal to or greater than the market price of the common shares on the date the options
are&nbsp;granted.</I></FONT></P>

<P style="font-family:;"><FONT SIZE=1><B><I>See below for more technical details and amounts on the company's stock option&nbsp;plans:</I></B></FONT></P>

<HR NOSHADE>

<P style="font-family:;"><FONT SIZE=1><B>(a)&nbsp;&nbsp;&nbsp;Stock Option Plans  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;Executive Stock Plan  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Under
this plan, the company granted 479,000&nbsp;common share options in 2007 (2006&nbsp;&#150;&nbsp;538,000; 2005&nbsp;&#150;&nbsp;518,000) to
non-employee directors and certain executives and other senior employees of the company. Options granted have a 10-year life and vest annually over a three-year
period. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(ii)&nbsp;&nbsp;&nbsp;SunShare 2012 Performance Stock Option Plan  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>During
2007, the company granted 7,843,000&nbsp;options to all eligible permanent full-time and part-time employees, both executive and non-executive, under its
new employee stock option incentive plan ("SunShare 2012") which was approved at the Annual and Special Meeting of shareholders on April&nbsp;26, 2007. Under this plan, meeting specified performance
targets may accelerate the vesting of some options, such that 25% of outstanding options may vest on January&nbsp;1, 2010, and the remaining 75% of outstanding options may vest on January&nbsp;1,
2013. All unvested options at January&nbsp;1, 2013, which have not previously been cancelled, will automatically expire. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(iii)&nbsp;&nbsp;SunShare Performance Stock Option Plan  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>During
2007, the company granted 1,045,000&nbsp;options (2006&nbsp;&#150;&nbsp;1,637,000; 2005&nbsp;&#150;&nbsp;1,253,000) to eligible permanent
full-time and part-time employees, both executive and non-executive, under its employee stock option incentive plan ("SunShare"). Under SunShare, meeting specified
performance targets accelerates the vesting of some or all&nbsp;options. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>On
January&nbsp;31, 2005, in connection with the achievement of a predetermined performance criterion, approximately 25% of the then outstanding options vested under the SunShare plan. On
June&nbsp;30, 2005, an additional predetermined performance criterion under the SunShare plan was met, resulting in the vesting of 50% of the outstanding, unvested SunShare options on
April&nbsp;30, 2008. During 2007, the final predetermined performance criterion was met, and as a result, the remaining 50% of the outstanding, unvested SunShare options will vest on
April&nbsp;30,&nbsp;2008. </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>81</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
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<A NAME="page_ge12501_1_82"> </A>

<P style="font-family:;"><FONT SIZE=1><B>(iv)&nbsp;&nbsp;Key Contributor Stock Option Plan  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Under
this plan, the company granted 1,185,000&nbsp;common share options in 2007 (2006&nbsp;&#150;&nbsp;1,050,000; 2005&nbsp;&#150;&nbsp;901,000) to
non-insider senior managers and key employees. Options granted have a 10-year life and vest annually over a three-year period. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
following tables cover all common share options granted by the company for the years indicated: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=2 VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Number<BR>
(thousands)</FONT></TD>
<TD WIDTH="7%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Range of<BR>
Exercise Prices<BR>
Per Share ($)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Weighted-Average<BR>
Exercise Price<BR>
Per Share ($)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Outstanding, December&nbsp;31, 2004</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20&nbsp;687</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.22&nbsp;&#150;&nbsp;42.02</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24.49</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%" style="font-family:;"><FONT SIZE=1>Granted</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;672</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>36.93&nbsp;&#150;&nbsp;71.13</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>48.27</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%" style="font-family:;"><FONT SIZE=1>Exercised</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3&nbsp;302</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.22&nbsp;&#150;&nbsp;41.38</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20.71</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%" style="font-family:;"><FONT SIZE=1>Cancelled</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(854</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26.14&nbsp;&#150;&nbsp;70.53</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>30.82</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Outstanding, December&nbsp;31, 2005</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19&nbsp;203</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.22&nbsp;&#150;&nbsp;&nbsp;&nbsp;71.13</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>28.12</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%" style="font-family:;"><FONT SIZE=1>Granted</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;224</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>73.36&nbsp;&#150;&nbsp;101.79</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>89.95</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%" style="font-family:;"><FONT SIZE=1>Exercised</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(2&nbsp;147</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.22&nbsp;&#150;&nbsp;&nbsp;&nbsp;61.92</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20.99</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%" style="font-family:;"><FONT SIZE=1>Cancelled</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(471</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25.00&nbsp;&#150;&nbsp;&nbsp;&nbsp;96.10</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>46.66</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Outstanding, December&nbsp;31, 2006</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19&nbsp;809</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7.77&nbsp;&#150;&nbsp;101.79</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>38.48</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%" style="font-family:;"><FONT SIZE=1>Granted</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10&nbsp;552</B></FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>70.56&nbsp;&#150;&nbsp;107.02</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>93.36</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%" style="font-family:;"><FONT SIZE=1>Exercised</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(2&nbsp;694</B></FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>7.77&nbsp;&#150;&nbsp;&nbsp;&nbsp;92.11</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>22.75</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%" style="font-family:;"><FONT SIZE=1>Cancelled</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(667</B></FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25.31&nbsp;&#150;&nbsp;101.73</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>65.68</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Outstanding, December&nbsp;31, 2007</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>27&nbsp;000</B></FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10.13&nbsp;&#150;&nbsp;107.02</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>60.61</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Exercisable, December&nbsp;31, 2007</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>7&nbsp;276</B></FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10.13&nbsp;&#150;&nbsp;100.04</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>30.87</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1>Common shares authorized for issuance by the Board of Directors that remain available for the granting of future options, at December&nbsp;31: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="61%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>(thousands of common shares)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="61%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>7&nbsp;285</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7&nbsp;970</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10&nbsp;724</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1>The following table is an analysis of outstanding and exercisable common share options as at December&nbsp;31,&nbsp;2007: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Outstanding</FONT><HR NOSHADE></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Exercisable</FONT><HR NOSHADE></TD>
<TD WIDTH="3%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="22%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Exercise Prices ($)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Number<BR>
(thousands)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Weighted-Average<BR>
Remaining<BR>
Contractual Life</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Weighted-Average<BR>
Exercise Price<BR>
Per Share ($)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Number<BR>
(thousands)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Weighted-Average<BR>
Exercise Price<BR>
Per Share ($)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>10.13&nbsp;&#150;&nbsp;17.45</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;598</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15.40</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;598</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15.40</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>21.35&nbsp;&#150;&nbsp;28.93</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;538</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>27.00</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;588</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26.26</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>31.59&nbsp;&#150;&nbsp;42.65</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;656</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>37.83</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;527</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>37.32</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>45.51&nbsp;&#150;&nbsp;72.42</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>965</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>56.81</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>71</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>52.83</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>73.36&nbsp;&#150;&nbsp;92.68</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;993</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>88.29</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>475</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>91.32</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>93.36&nbsp;&#150;&nbsp;107.02</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;250</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>95.16</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>17</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>98.07</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>27&nbsp;000</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>60.61</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7&nbsp;276</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>30.87</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1><B>Fair Value of Options Granted  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
fair values of all common share options granted during the period are estimated as at the grant date using a Monte Carlo simulation approach for the SunShare 2012 option plan and the Black-Scholes
option-pricing model for all other option plans. </FONT></P>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>82</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=35,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=554821,FOLIO='82',FILE='DISK130:[08ZAD1.08ZAD12501]GE12501A.;24',USER='ATOBAK',CD='26-FEB-2008;20:48' -->
<A NAME="page_ge12501_1_83"> </A>
<BR>

<P style="font-family:;"><FONT SIZE=1>The
weighted-average fair values of the options granted during the various periods and the weighted-average assumptions used in their determination are as noted&nbsp;below: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="61%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="61%" style="font-family:;"><FONT SIZE=1>Annual dividend per share</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>$0.38</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$0.30</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$0.24</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="61%" style="font-family:;"><FONT SIZE=1>Risk-free interest rate</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4.22%</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4.08%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3.69%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="61%" style="font-family:;"><FONT SIZE=1>Expected life</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6&nbsp;years</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5&nbsp;years</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6&nbsp;years</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="61%" style="font-family:;"><FONT SIZE=1>Expected volatility</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>30%</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>29%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>28%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="61%" style="font-family:;"><FONT SIZE=1>Weighted-average fair value per option</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>$29.77</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$29.17</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$15.42</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1>Stock-based compensation expense recognized for the year ended December&nbsp;31, 2007 related to stock option plans was $103&nbsp;million
(2006&nbsp;&#150;&nbsp;$53&nbsp;million; 2005&nbsp;&#150;&nbsp;$23&nbsp;million). </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Common
share options granted prior to January&nbsp;1, 2003 are not recognized as compensation expense in the Consolidated Statement of Earnings and Comprehensive Income. The company's reported net
earnings attributable to common shareholders and earnings per share prepared in accordance with the fair value method of accounting for stock-based compensation would have been reduced for all common
share options granted prior to 2003 to the pro&nbsp;forma amounts stated&nbsp;below: </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>($&nbsp;millions, except per share amounts)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net earnings attributable to common shareholders&nbsp;&#150;&nbsp;as reported</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;832</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;971</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;158</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Less: compensation cost under the fair value method for pre-2003 options</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Pro&nbsp;forma net earnings attributable to common shareholders for pre-2003 options</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;824</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;956</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;145</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Basic earnings per share</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>As reported</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.14</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.47</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.54</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Pro&nbsp;forma</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.12</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.44</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.51</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Diluted earnings per share</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>As reported</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.02</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.32</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.48</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Pro&nbsp;forma</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.00</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.29</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.46</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1><B>(b)&nbsp;&nbsp;&nbsp;Deferred Share Units (DSUs)  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
company had 1,168,000&nbsp;DSUs outstanding at December&nbsp;31, 2007 (1,170,000&nbsp;at December&nbsp;31, 2006). DSUs were granted to certain executives under the company's former
employee long-term incentive program. Members of the Board of Directors receive one-half, or at their option, all of their compensation in the form of DSUs. DSUs are only
redeemable at the time a unitholder ceases employment or Board membership, as&nbsp;applicable. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>In
2007, 20,000&nbsp;DSUs were redeemed for cash consideration of $2&nbsp;million (2006&nbsp;&#150;&nbsp;59,000&nbsp;redeemed for cash consideration of $5&nbsp;million;
2005&nbsp;&#150;&nbsp;81,000&nbsp;redeemed for cash consideration of $5&nbsp;million). Over time, DSU unitholders are entitled to receive additional DSUs equivalent in value
to future notional dividend reinvestments. Final DSU redemption amounts are subject to change depending on the company's share price at the time of exercise. Accordingly, the company revalues the DSUs
on each reporting date, with any changes in value recorded as an adjustment to compensation expense in the period. As at December&nbsp;31, 2007, the total liability related to the DSUs was
$126&nbsp;million (2006&nbsp;&#150;&nbsp;$107&nbsp;million), of which $5&nbsp;million (2006&nbsp;&#150;&nbsp;$2&nbsp;million) was classified
as&nbsp;current. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>During
2007, total pretax compensation expense related to DSUs was $21&nbsp;million (2006&nbsp;&#150;&nbsp;$25&nbsp;million;
2005&nbsp;&#150;&nbsp;$39&nbsp;million). </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;Performance Share Units (PSUs)  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>During
2007, the company issued 415,000&nbsp;PSUs (2006&nbsp;&#150;&nbsp;397,000; 2005&nbsp;&#150;&nbsp;453,000) under its Performance Share Unit
Compensation Plan. PSUs granted replace the remuneration value of reduced grants under the company's stock option plans. PSUs vest and are settled in cash approximately three years after the grant
date to varying degrees (0%, 50%, 100% and 150%) contingent upon Suncor's performance (performance factor). Performance is measured by reference to the company's total shareholder return (stock price
appreciation and dividend income) relative to a peer group of companies. Expense related to the PSUs is accrued based on the price of common shares at the end of the period and the anticipated
performance factor. This expense is recognized on a straight-line basis over the term of the grant. Pretax expense recognized for PSUs during 2007 was $60&nbsp;million
(2006&nbsp;&#150;&nbsp;$42&nbsp;million; 2005&nbsp;&#150;&nbsp;$21&nbsp;million). </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>83</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=36,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=330077,FOLIO='83',FILE='DISK130:[08ZAD1.08ZAD12501]GE12501A.;24',USER='ATOBAK',CD='26-FEB-2008;20:48' -->
<A NAME="page_ge12501_1_84"> </A>

<P style="font-family:;"><FONT SIZE=1><B>13.&nbsp;EARNINGS PER COMMON SHARE  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
following is a reconciliation of basic and diluted net earnings per common&nbsp;share: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=2 VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net earnings attributable to common shareholders</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;832</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;971</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;158</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1>(millions of common shares)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Weighted-average number of common shares</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>461</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>459</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>456</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Dilutive securities:</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Shares issued under stock-based compensation plans</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Weighted-average number of diluted common shares</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>471</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>470</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>466</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1>(dollars per common share)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Basic earnings per share&nbsp;<SUP>(a)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.14</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.47</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.54</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Diluted earnings per share&nbsp;<SUP>(b)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.02</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.32</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.48</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=1>
Note: An option will have a dilutive effect under the treasury stock method only when the average market price of the common stock during the period exceeds the exercise price of the&nbsp;option. </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Basic
earnings per share is the net earnings attributable to common shareholders divided by the weighted-average number of common&nbsp;shares.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(b)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Diluted
earnings per share is the net earnings attributable to common shareholders divided by the weighted-average number of diluted common&nbsp;shares. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=1><B>14.&nbsp;ACQUISITION OF REFINERY AND RELATED ASSETS  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>On
May&nbsp;31, 2005, the company acquired all of the issued shares of the Colorado Refining Company, an indirect wholly-owned subsidiary of Valero Energy Corp. for cash consideration of
$37&nbsp;million. Additional payments for working capital and associated inventory brought the total purchase price to $62&nbsp;million. The acquired company's principal assets are a Commerce City
refinery and a products terminal located in Grand Junction, Colorado. The allocation of fair value to the assets acquired and liabilities assumed was $79&nbsp;million for property, plant and
equipment, $30&nbsp;million for inventory and $41&nbsp;million for environmental liabilities assumed. The fair value assigned to other liabilities was $6&nbsp;million. The acquisition was
accounted for by the purchase method of&nbsp;accounting. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
results of operations for these assets have been included in the consolidated financial statements from the date of acquisition. The new operations have been reported as part of the refining and
marketing segment in the Schedules of Segmented&nbsp;Data. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>15.&nbsp;FINANCING EXPENSES (INCOME)  </B></FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=2 VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Interest on debt</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>189</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>150</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>151</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Capitalized interest</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(189</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(129</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(119</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Net interest expense</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>32</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Foreign exchange gain on long-term debt</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(252</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(37</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Other foreign exchange loss (gain)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>41</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(10</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Total financing (income) expenses</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(211</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>39</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(15</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=1>Cash interest payments in 2007 totaled $183&nbsp;million (2006&nbsp;&#150;&nbsp;$146&nbsp;million;
2005&nbsp;&#150;&nbsp;$149&nbsp;million). </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>84</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=37,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=130408,FOLIO='84',FILE='DISK130:[08ZAD1.08ZAD12501]GE12501A.;24',USER='ATOBAK',CD='26-FEB-2008;20:48' -->
<A NAME="page_ge12501_1_85"> </A>

<P style="font-family:;"><FONT SIZE=1><B>16.&nbsp;INVENTORIES  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="73%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Crude oil</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>332</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>249</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Refined products</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>126</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>200</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Materials, supplies and merchandise</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>150</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>140</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>608</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>589</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=1>The replacement cost of crude oil and refined product inventories exceeded their LIFO carrying value by $415&nbsp;million
(2006&nbsp;&#150;&nbsp;$243&nbsp;million) as at December&nbsp;31,&nbsp;2007. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>During
2007, the company recorded a pretax gain of $57&nbsp;million related to a permanent reduction in LIFO inventory layers, as the LIFO layers were lower than current cost
(2006&nbsp;&#150;&nbsp;$6&nbsp;million pretax&nbsp;gain). </FONT></P>


<P style="font-family:;"><FONT SIZE=1><B>17.&nbsp;RELATED PARTY TRANSACTIONS  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
following table summarizes the company's related party transactions after eliminations for the year. These transactions are in the normal course of operations and have been carried out on the same
terms as would apply with unrelated parties. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=3 VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Operating revenues</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Sales to refining and marketing segment joint ventures:</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="56%" style="font-family:;"><FONT SIZE=1>Refined products</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>329</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>294</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>327</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="56%" style="font-family:;"><FONT SIZE=1>Petrochemicals</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>163</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>136</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>279</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1>The company has supply agreements with two refining and marketing segment joint ventures for the sale of refined products. The company also has a supply
agreement with a refining and marketing segment joint venture for the sale of petrochemicals. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>At
December&nbsp;31, 2007, amounts due from refining and marketing segment joint ventures were $17&nbsp;million (2006&nbsp;&#150;&nbsp;$20&nbsp;million). </FONT></P>


<P style="font-family:;"><FONT SIZE=1>Sales
to and balances with refining and marketing segment joint ventures are established and agreed to by the various parties and approximate fair&nbsp;value. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>18.&nbsp;ACCUMULATED OTHER COMPREHENSIVE INCOME  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
components of accumulated other comprehensive loss, net of income taxes, are as&nbsp;follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="73%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>As at December&nbsp;31 ($ millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Unrealized foreign currency translation adjustment</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(266</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(71</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Unrealized gains and losses on derivative hedging activities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>13</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(253</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(71</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>85</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=38,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=967297,FOLIO='85',FILE='DISK130:[08ZAD1.08ZAD12501]GE12501A.;24',USER='ATOBAK',CD='26-FEB-2008;20:48' -->
<A NAME="page_ge12501_1_86"> </A>

<P style="font-family:;"><FONT SIZE=1><B>19.&nbsp;SUPPLEMENTAL INFORMATION  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=3 VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Geographic areas</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Revenues</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="56%" style="font-family:;"><FONT SIZE=1>Canada</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>13&nbsp;733</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12&nbsp;213</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;037</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="56%" style="font-family:;"><FONT SIZE=1>U.S.</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;091</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;532</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;090</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="56%" style="font-family:;"><FONT SIZE=1>Other</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>109</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>84</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>17&nbsp;933</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15&nbsp;829</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11&nbsp;129</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Total assets</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="56%" style="font-family:;"><FONT SIZE=1>Canada</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>21&nbsp;389</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16&nbsp;087</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12&nbsp;945</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="56%" style="font-family:;"><FONT SIZE=1>U.S.</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;440</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;379</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;003</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="56%" style="font-family:;"><FONT SIZE=1>Other</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>338</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>293</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>178</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>24&nbsp;167</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18&nbsp;759</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15&nbsp;126</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Export sales&nbsp;<SUP>(a)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>876</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>810</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>648</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Exploration expenses</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Geological and geophysical</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>26</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>51</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>22</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Other</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Cash costs</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>26</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>52</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>23</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Dry hole costs</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>69</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>52</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>33</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Cash and dry hole costs&nbsp;<SUP>(b)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>95</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>104</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>56</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Leasehold impairment&nbsp;<SUP>(c)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>95</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>106</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>69</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Taxes other than income taxes</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Excise taxes&nbsp;<SUP>(d)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>568</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>538</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>482</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Production, property and other taxes</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>80</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>57</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>47</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>648</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>595</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>529</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Allowance for doubtful accounts</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Sales
of crude oil, natural gas and refined products from Canada to customers in the United&nbsp;States and sales of petrochemicals to customers in the United&nbsp;States
and&nbsp;Europe.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(b)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Included
in the Consolidated Statements of Earnings and Comprehensive Income as exploration expenses.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(c)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Included
in depreciation, depletion and amortization in the Consolidated Statements of Earnings and Comprehensive Income.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(d)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Included
in operating revenues in the Consolidated Statements of Earnings and Comprehensive Income. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=1><B>20.&nbsp;DIFFERENCES BETWEEN CANADIAN AND U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
consolidated financial statements have been prepared in accordance with Canadian GAAP. The application of United&nbsp;States GAAP (U.S.&nbsp;GAAP) would have the following effects on earnings
and comprehensive income as&nbsp;reported: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Notes</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net earnings as reported, Canadian GAAP</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;832</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;971</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;158</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Adjustments</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="52%" style="font-family:;"><FONT SIZE=1>Derivatives and hedging activities</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(a)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>83</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="52%" style="font-family:;"><FONT SIZE=1>Stock-based compensation expense</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(b)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>15</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(19</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(26</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="52%" style="font-family:;"><FONT SIZE=1>Research and development costs</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(g)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(34</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="52%" style="font-family:;"><FONT SIZE=1>Income tax expense</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(28</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net earnings from continuing operations, U.S.&nbsp;GAAP</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;817</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;960</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;187</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="52%" style="font-family:;"><FONT SIZE=1>Cumulative effect of change in accounting principles,<BR>
net of income&nbsp;taxes of $nil (2006&nbsp;&#150;&nbsp;$2; 2005&nbsp;&#150;&nbsp;$nil)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(b)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net earnings, U.S.&nbsp;GAAP</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;817</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;956</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;187</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Derivatives and hedging activities, net of income taxes of $nil<BR>
(2006&nbsp;&#150;&nbsp;$3; 2005&nbsp;&#150;&nbsp;$70)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(a)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>140</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Minimum pension liability, net&nbsp;of income taxes of $nil<BR>
(2006&nbsp;&#150;&nbsp;$20; 2005&nbsp;&#150;&nbsp;$8)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(c)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>39</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(15</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Pension and Post-retirement obligation, net of income taxes of $8</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(c)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>17</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Foreign currency translation adjustment</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(d)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(195</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(26</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Comprehensive income, U.S.&nbsp;GAAP</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;644</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;011</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;286</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE></TD>
</TR>
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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>86</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

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<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=39,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=44827,FOLIO='86',FILE='DISK130:[08ZAD1.08ZAD12501]GE12501A.;24',USER='ATOBAK',CD='26-FEB-2008;20:48' -->
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<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Per common share (dollars)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net earnings per share from continuing operations, U.S.&nbsp;GAAP</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Basic</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.11</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.45</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.60</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Diluted</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.98</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.29</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.55</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net earnings per share, U.S.&nbsp;GAAP</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Basic</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.11</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.44</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.60</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Diluted</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.98</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.29</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.55</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE></TD>
</TR>
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<P style="font-family:;"><FONT SIZE=1>The application of U.S.&nbsp;GAAP would have the following effects on the consolidated balance sheets as&nbsp;reported: </FONT></P>

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<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1><B>December&nbsp;31, 2007</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>December&nbsp;31, 2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Notes</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>As Reported</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>U.S.&nbsp;GAAP</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>As Reported</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>U.S.&nbsp;GAAP</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=14 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Current assets</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;818</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;818</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;302</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;302</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Property, plant and equipment, net</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(g)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>20&nbsp;945</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>20&nbsp;911</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16&nbsp;160</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16&nbsp;160</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Deferred charges and other</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(a,c)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>404</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>404</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>297</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>323</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=14 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="30%" style="font-family:;"><FONT SIZE=1>Total assets</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>24&nbsp;167</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>24&nbsp;133</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18&nbsp;759</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18&nbsp;785</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=14 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Current liabilities</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;097</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;097</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;158</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;158</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Long-term borrowings</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(a)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;811</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;811</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;363</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;376</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Accrued liabilities and other</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(b,c)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;434</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;602</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;214</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;430</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Future income taxes</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(a,c,g)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;212</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;147</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;072</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;002</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Share capital</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(b)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>881</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>944</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>794</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>842</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Contributed surplus</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(b)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>194</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>240</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>100</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>153</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Retained earnings</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(a,b,g)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10&nbsp;791</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10&nbsp;667</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;129</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;026</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Accumulated other comprehensive income</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(a,c,d)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(253</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(375</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(71</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(202</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=14 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="30%" style="font-family:;"><FONT SIZE=1>Total liabilities and shareholders' equity</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>24&nbsp;167</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>24&nbsp;133</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18&nbsp;759</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18&nbsp;785</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=14 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=1><B>(a)&nbsp;&nbsp;&nbsp;Derivative Financial Instruments  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
adoption of CICA Handbook section&nbsp;1530 "Comprehensive Income", section&nbsp;3251 "Equity", section&nbsp;3855 "Financial Instruments, Recognition and Measurement", and
section&nbsp;3865 "Hedging" on January&nbsp;1, 2007 substantially aligned Canadian GAAP with U.S.&nbsp;GAAP for the treatment of the company's derivative financial instruments. As a result,
there were no differences between Canadian and U.S.&nbsp;GAAP at December&nbsp;31, 2007. For prior year comparative balances disclosed under U.S.&nbsp;GAAP, the company accounted for its
derivative financial instruments under the same method as described in note&nbsp;7. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Under
U.S.&nbsp;GAAP, for the year ended December&nbsp;31, 2006, the company would have recognized $5&nbsp;million of hedging gains relating to forecasted cash flows in 2007 and 2008.
(2005&nbsp;&#150;&nbsp;$2&nbsp;million ineffectiveness relating to 2006 and 2007 forecasted cash flows). The net earnings impact of this ineffectiveness was recognized for
Canadian GAAP purposes on January&nbsp;1, 2007 as an adjustment to opening retained earnings. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B><I>Accumulated Other Comprehensive Earnings (AOCI) and U.S.&nbsp;GAAP Net Earnings Impacts  </I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>A
reconciliation of changes in accumulated OCI attributable to derivative hedging activities for the years ended December&nbsp;31 is as&nbsp;follows: </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>AOCI attributable to derivatives and hedging activities, beginning of the period, net of income taxes of $4 (2006&nbsp;&#150;&nbsp;$1)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Current period net changes arising from cash flow hedges, net of income taxes of $1 (2006&nbsp;&#150;&nbsp;$4)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Net hedging losses at the beginning of the period reclassified to earnings during the period, net of income taxes of $2 (2006&nbsp;&#150;&nbsp;$1)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>AOCI attributable to derivatives and hedging activities, end of period, net of income taxes of&nbsp;$4 (2006&nbsp;&#150;&nbsp;$4)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>13</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=1>For the year ended December&nbsp;31, 2006, U.S.&nbsp;GAAP net earnings increased by $7&nbsp;million, net of income taxes of $4&nbsp;million
(2005&nbsp;&#150;&nbsp;increased net earnings of $55&nbsp;million, net of income taxes of $28&nbsp;million) to reflect the impact of ineffectiveness on derivative contracts
classified as cash flow&nbsp;hedges. </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>87</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=40,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=362372,FOLIO='87',FILE='DISK130:[08ZAD1.08ZAD12501]GE12501A.;24',USER='ATOBAK',CD='26-FEB-2008;20:48' -->
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<P style="font-family:;"><FONT SIZE=2><A
NAME="page_gg12501_1_88"> </A> </FONT> <FONT SIZE=6><B>

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 </B></FONT><FONT SIZE=1><B>(b)&nbsp;&nbsp;&nbsp;Stock-Based Compensation  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>On
January&nbsp;1, 2006, the company adopted the U.S.&nbsp;Financial Accounting Standards Board (FASB) Statement 123(R), "Share-Based Payment", using the modified-prospective approach.
FAS&nbsp;123(R) allows the company to expense common share options issued after January&nbsp;1, 2003 in a manner consistent with Canadian GAAP. The statement requires the recognition of an expense
for employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. The cost is to be recognized over the period for which an employee is
required to provide the service in exchange for the award. In addition, the statement requires recognition of compensation expense for the portion of outstanding unvested awards granted prior to the
effective&nbsp;date. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Under
Canadian GAAP, the company's Performance Share Units (PSUs) are measured using an intrinsic approach, a fair-value technique not permitted under U.S.&nbsp;GAAP. After adoption of
FAS&nbsp;123(R), our PSUs for U.S.&nbsp;GAAP have been measured using a Monte Carlo Simulation approach to determine fair value. The impact on net earnings for the year ended December&nbsp;31,
2007 is a recovery of previously recognized stock-based compensation expense of $17&nbsp;million, net of income taxes of $6&nbsp;million
(2006&nbsp;&#150;&nbsp;$3&nbsp;million expense, net of income taxes of $1&nbsp;million). </FONT></P>

<P style="font-family:;"><FONT SIZE=1>Under
Canadian GAAP, compensation expense related to common share options granted prior to January&nbsp;1, 2003 ("pre-2003 options") is not recognized in the Consolidated Statements of
Earnings and Comprehensive Income. FAS&nbsp;123(R) requires the recognition of expense related to the company's pre-2003 options. This resulted in an increase to stock-based compensation
expense of $8&nbsp;million (2006&nbsp;&#150;&nbsp;$15&nbsp;million). There was no impact on income&nbsp;taxes. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;Accounting for Defined Benefit Pension and Other Post-Retirement Plans  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>On
December&nbsp;31, 2006, the Company adopted FAS&nbsp;158, "Employers Accounting for Defined Benefit and Other Post Retirement Plans", requiring the recognition of the over funded or under
funded status of a defined benefit post-retirement plan (other than a multi-employer plan) as an asset or liability on the balance sheet. The changes to funded status in the year are
recorded through comprehensive income, net of income taxes. The standard was applied prospectively effective December&nbsp;31, 2006, as retrospective application was not&nbsp;permitted. </FONT></P>


<P style="font-family:;"><FONT SIZE=1>For
the comparative period, prior to the adoption of FAS&nbsp;158 on December&nbsp;31, 2006, recognition of an additional minimum pension liability was required when the accumulated benefit
obligation exceeded the fair value of plan assets to the extent that such excess was greater than accrued pension costs otherwise recorded. For the purpose of determining the additional minimum
pension liability, the accumulated benefit obligation does not incorporate projections of future compensation increases in the determination of the obligation. No such adjustment was required under
Canadian GAAP. As required under FAS&nbsp;158, the minimum pension liability adjustment recorded in 2006 was reversed in that&nbsp;year. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>At
December&nbsp;31, 2006, the company would have recognized a minimum pension liability of $35&nbsp;million, an intangible asset of $16&nbsp;million and an accumulated other comprehensive loss
of $12&nbsp;million, net of income taxes of $7&nbsp;million. Other comprehensive income for the year ended December&nbsp;31, 2006 would have increased by $39&nbsp;million, net of income taxes
of $20&nbsp;million (2005&nbsp;&#150;&nbsp;a decrease of $15&nbsp;million, net of taxes of $8&nbsp;million). </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>Accumulated Other Comprehensive Income (AOCI) and U.S.&nbsp;GAAP Net Earnings Impacts  </B></FONT></P>

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<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>AOCI attributable to defined benefit pension and other post-retirement plans, beginning of period, net of income taxes of $67&nbsp;million (2006&nbsp;&#150;&nbsp;$27&nbsp;million)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(139</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(51</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Minimum pension liability (2006&nbsp;&#150;&nbsp;net of income taxes of $20&nbsp;million)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>39</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Reversal of minimum pension liability upon adoption of FAS&nbsp;158, (2006&nbsp;&#150;&nbsp;net of income taxes of $7&nbsp;million)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Amortization of net actuarial loss, net of income taxes of $10&nbsp;million</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>21</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Amortization of past service costs, net of income taxes of $1&nbsp;million</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(2</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Additions to unamortized net actuarial loss, net of income taxes of $2&nbsp;million (2006&nbsp;&#150;&nbsp;$74&nbsp;million)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(2</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(155</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Additions to unamortized past service costs (2006&nbsp;&#150;&nbsp;net of income taxes of $7&nbsp;million)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>AOCI attributable to defined benefit pension and other post-retirement plans, end of period, net of income taxes of $59&nbsp;million (2006&nbsp;&#150;&nbsp;$67&nbsp;million)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(122</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(139</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>88</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=41,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=232101,FOLIO='88',FILE='DISK130:[08ZAD1.08ZAD12501]GG12501A.;18',USER='SMAH',CD='26-FEB-2008;20:04' -->
<A NAME="page_gg12501_1_89"> </A>

<P style="font-family:;"><FONT SIZE=1>Total amount included in AOCI expected to be recognized as components of net periodic benefit cost during 2008 are as&nbsp;follows: </FONT></P>

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<TR VALIGN="TOP">
<TD WIDTH="76%" style="font-family:;"><FONT SIZE=1>Amortization of net actuarial loss</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$31&nbsp;million</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="76%" style="font-family:;"><FONT SIZE=1>Amortization of past service costs</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$(3) million</FONT></TD>
</TR>
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<P style="font-family:;"><FONT SIZE=1><B>(d)&nbsp;&nbsp;&nbsp;Cumulative Foreign Currency Translation  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Prior
to the adoption of CICA Section&nbsp;1530 "Comprehensive Income" on January&nbsp;1, 2007, under Canadian GAAP, foreign currency gains and losses arising on translation of the company's
U.S.&nbsp;based foreign operations were recorded directly to shareholders' equity. Under the new Canadian standard, these foreign currency translation gains and losses are treated as they have been
under U.S.&nbsp;GAAP, and included as a component of comprehensive income. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(e)&nbsp;&nbsp;&nbsp;Suspended Exploratory Well Costs  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Effective
January&nbsp;1, 2005, Suncor adopted Financial Accounting Standards Board Staff Position&nbsp;19-1 (FSP&nbsp;19-1), "Accounting for Suspended Well Costs". FSP
19-1&nbsp;amended Statement of Financial Accounting Standards No.&nbsp;19 (FAS&nbsp;19), "Financial Accounting and Reporting by Oil and Gas Producing Companies", to permit the
continued capitalization of exploratory well costs beyond one year if (a)&nbsp;the well found a sufficient quantity of reserves to justify its completion as a producing well and (b)&nbsp;the
entity is making sufficient progress assessing the reserves and the economic and operating viability of the project. There were no capitalized exploratory well costs charged to expense upon the
adoption of FSP&nbsp;19-1. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
table below provides details of the changes in the balance of suspended exploratory well costs as well as an aging summary of those&nbsp;costs. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>Change in capitalized suspended exploratory well costs  </B></FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Balance, beginning of year</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>23</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Additions pending determination of proved reserves</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>14</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>14</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Charged to dry hole expense</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(6</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Reclassifications to proved properties</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(10</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(13</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Balance, end of year</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>21</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>23</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Capitalized for a period greater than one year ($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>7</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Number of projects that have exploratory well costs capitalized for a period greater than 12&nbsp;months</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=1><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;Accounting for Purchases and Sales Inventory with the Same Counterparty  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Emerging
Issues Task Force (EITF) Abstract No.&nbsp;04-13, "Accounting for&nbsp;Purchases and Sales of Inventory with the Same Counterparty" addresses when it is appropriate to measure
purchases and sales of inventory with the same counterparty at fair value and record them in revenues and cost of sales and when they should be recorded as exchanges measured at the book value of the
item sold. The EITF concluded that purchases and sales of inventory with the same counterparty that are entered into in contemplation of one another should be combined and recorded as exchanges
measured at the book value of the item sold (reported net versus gross). The EITF is effective for transactions entered into subsequent to April&nbsp;1,&nbsp;2006. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>As
required by EITF&nbsp;04-13, we record certain crude oil, natural gas, petroleum product and chemical purchases and sales entered into contemporaneously with the same counterparty on
a net basis within the "purchases of crude oil and products" line in the Consolidated Statements of Earnings and Comprehensive Income. These transactions are undertaken to ensure that the appropriate
crude oil is at the appropriate refineries when required and that the appropriate products are available to meet customer demands. These transactions take place in the oil sands and refining and
marketing operating segments. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>In
addition, until 2006, the refining and marketing segment sold finished product and bought coker gas oil as a raw material to be used in the refining process from the same counterparty under terms
specified in a single contract. These sales and purchases, as noted in the table below, were recorded at fair value in "revenue" and "purchases of crude oil and products" in the Consolidated
Statements of Earnings and Comprehensive Income in accordance with the consensus for Issue 2&nbsp;in EITF&nbsp;04-13. </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>89</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=42,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=749256,FOLIO='89',FILE='DISK130:[08ZAD1.08ZAD12501]GG12501A.;18',USER='SMAH',CD='26-FEB-2008;20:04' -->
<A NAME="page_gg12501_1_90"> </A>

<P style="font-family:;"><FONT SIZE=1>The
purchase/sale of contract amounts included in revenue for 2007, 2006 and 2005 are shown&nbsp;below. </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="61%" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="61%" style="font-family:;"><FONT SIZE=1>Consolidated revenues</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>17&nbsp;933</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15&nbsp;829</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11&nbsp;129</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="61%" style="font-family:;"><FONT SIZE=1>Amounts included in revenues for purchase/sale contracts with the same&nbsp;counterparty&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Associated
costs are in "purchases of crude oil and products". </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=1><B>(g)&nbsp;&nbsp;&nbsp;Research and Development Costs  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Under
Canadian GAAP, development expenditures are eligible to be capitalized when specific criteria are met. Under FAS&nbsp;2, "Accounting for Research and Development Costs", development costs are
required to be charged to expense when incurred. As a result, $24&nbsp;million, net of income taxes of $10&nbsp;million, would have been charged to income during 2007
(2006&nbsp;&#150;&nbsp;nil; 2005&nbsp;nil). </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>(h)&nbsp;&nbsp;&nbsp;Accounting for Uncertainties in Income Taxes  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Effective
January&nbsp;1, 2007, the company adopted the FASB Interpretation No.&nbsp;48 "Accounting for Uncertainty in Income Taxes" (FIN&nbsp;48). FIN&nbsp;48 is an interpretation of FASB
Statement 109 "Accounting for Income Taxes" and outlines the recognition and related disclosure requirements of uncertain tax positions determined to be more likely than not, defined as greater than
50%, to be sustained on&nbsp;audit. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>The
adoption of FIN&nbsp;48 had no impact on net earnings or financial position. </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>Recently Issued Accounting Standards  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>In
February&nbsp;2007, FASB issued FAS&nbsp;159, "The Fair Value Option for Financial Assets and Financial Liabilities". The standard, effective January&nbsp;1, 2008, affords entities the option
to irrevocably choose to measure many financial instruments and certain other items at fair value, at specified election dates. Retrospective application is not permitted. No impact to net earnings or
financial position is&nbsp;anticipated. </FONT></P>

<P style="font-family:;"><FONT SIZE=1>In
September 2006, FASB issued FAS&nbsp;157 "Fair Value Measurements". The standard, effective January&nbsp;1, 2008, establishes a recognized framework for measuring fair value, and expands
disclosure relating to fair value inputs. No new fair value measurements are required. This Statement is generally to be applied prospectively and does not have an impact on earnings or financial
position. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>90</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=43,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=301799,FOLIO='90',FILE='DISK130:[08ZAD1.08ZAD12501]GG12501A.;18',USER='SMAH',CD='26-FEB-2008;20:04' -->
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<P style="font-family:;"><FONT SIZE=2><A
NAME="page_gi12501_1_91"> </A> </FONT> <FONT SIZE=6><B>

<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->

 </B></FONT><FONT SIZE=1><B>QUARTERLY SUMMARY </B></FONT><FONT SIZE=1>(unaudited) </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>FINANCIAL DATA  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="89%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=7 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1><B>For the Quarter Ended</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>Total Year</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=7 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>For the Quarter Ended</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Total Year</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions, except per share amounts)</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Mar<BR>
31<BR>
2007</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>June<BR>
30<BR>
2007</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Sept<BR>
30<BR>
2007</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Dec<BR>
31<BR>
2007</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Mar<BR>
31<BR>
2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>June<BR>
30<BR>
2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Sept<BR>
30<BR>
2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Dec<BR>
31<BR>
2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=24 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Revenues</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;951</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;358</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;666</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;958</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>17&nbsp;933</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;858</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;070</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;114</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;787</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15&nbsp;829</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=24 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1><B>Net earnings (loss)</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Oil Sands</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>453</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>419</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>556</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;006</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;434</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>707</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;100</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>582</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>394</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;783</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Natural Gas</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(4</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>40</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>60</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(6</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>106</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Refining and Marketing</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>99</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>206</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>40</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>345</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>116</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>85</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>23</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>235</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Corporate and eliminations</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(5</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>20</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>81</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(68</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>28</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(45</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(58</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(53</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(153</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=24 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>551</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>641</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>677</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>963</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;832</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>713</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;218</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>682</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>358</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;971</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=24 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1><B>Per common share</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net earnings attributable to common shareholders</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>&#150;&nbsp;basic</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.20</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.39</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.47</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2.08</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.14</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.56</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.65</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.48</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.78</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.47</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>&#150;&nbsp;diluted</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.17</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.36</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.43</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2.04</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.02</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.52</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.59</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.45</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.76</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.32</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Cash dividends</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.08</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.38</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.06</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.08</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.08</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.08</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.30</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=24 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1><B>Cash flow from (used in) operations</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Oil Sands</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>578</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>576</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>918</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;020</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;092</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;205</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;116</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>924</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>672</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;917</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Natural Gas</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>64</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>70</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>47</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>67</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>248</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>99</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>66</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>68</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>48</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>281</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Refining and Marketing</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>171</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>292</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>83</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>34</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>580</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>53</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>184</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>162</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>44</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>443</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Corporate and eliminations</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(23</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(54</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(21</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(17</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(115</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(43</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(46</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(18</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(108</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=24 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>790</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>884</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;027</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;104</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;805</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;314</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;320</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;153</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>746</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;533</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=24 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1><B>OPERATING DATA</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1><B>OIL SANDS</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>(thousands of barrels per day)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Production</B></FONT><FONT SIZE=1>&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>Total production</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>248.2</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>202.3</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>239.1</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>252.5</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>235.6</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>264.4</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>267.3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>242.8</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>266.4</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>260.0</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>Firebag</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>35.3</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>36.2</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>35.8</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>40.4</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>36.9</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>27.4</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>35.0</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>37.2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>35.1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>33.7</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1><B>Sales</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>Light sweet crude oil</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>105.5</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>100.0</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>99.3</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>102.2</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>101.7</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>119.2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>124.7</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>84.9</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>113.7</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>110.5</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>Diesel</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>29.5</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>20.3</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>23.9</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>26.0</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25.0</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>35.1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>32.9</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20.7</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24.0</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>28.2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>Light sour crude oil</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>112.7</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>84.2</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>94.1</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>118.2</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>102.3</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>121.0</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>99.2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>125.8</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>126.8</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>118.2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="22%" style="font-family:;"><FONT SIZE=1>Bitumen</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.8</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3.8</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.6</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.4</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.7</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.5</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.6</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9.7</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=24 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Total sales</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>254.5</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>208.3</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>223.9</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>251.8</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>234.7</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>275.3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>265.3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>238.0</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>274.2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>263.1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=24 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>91</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=44,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=305521,FOLIO='91',FILE='DISK130:[08ZAD1.08ZAD12501]GI12501A.;21',USER='SMAH',CD='26-FEB-2008;20:04' -->
<A NAME="page_gi12501_1_92"> </A>

<P style="font-family:;"><FONT SIZE=1><B>QUARTERLY SUMMARY </B></FONT><FONT SIZE=1>(unaudited) (continued) </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>OPERATING DATA</B></FONT><FONT SIZE=1> (continued) </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="80%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=7 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1><B>For the Quarter Ended</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>Total Year</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=7 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>For the Quarter Ended</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Total Year</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions, except per share amounts)</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Mar<BR>
31<BR>
2007</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>June<BR>
30<BR>
2007</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Sept<BR>
30<BR>
2007</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Dec<BR>
31<BR>
2007</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Mar<BR>
31<BR>
2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>June<BR>
30<BR>
2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Sept<BR>
30<BR>
2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Dec<BR>
31<BR>
2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>OIL SANDS</B></FONT><FONT SIZE=1> (continued)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Average sales price</B></FONT><FONT SIZE=1>&nbsp;<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>(dollars per barrel)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="24%" style="font-family:;"><FONT SIZE=1>Light sweet crude oil</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>68.63</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>75.64</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>81.00</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>87.34</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>78.03</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>69.00</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>78.27</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>78.11</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>64.51</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>71.98</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="24%" style="font-family:;"><FONT SIZE=1>Other (diesel, light sour crude oil and bitumen)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>63.62</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>66.74</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>73.76</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>78.48</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>70.86</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>63.28</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>72.75</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>68.60</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>57.91</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>65.17</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="24%" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>65.70</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>71.01</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>76.97</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>82.07</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>74.01</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>65.75</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>75.34</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>71.99</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>60.65</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>68.03</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="24%" style="font-family:;"><FONT SIZE=1>Total<SUP>(a)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>65.61</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>71.01</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>76.97</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>82.36</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>74.07</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>65.75</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>75.34</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>71.99</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>60.65</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>68.03</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><BR><FONT SIZE=1><B>Cash operating costs and total operating costs&nbsp;&#150;&nbsp;Total Operations</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><FONT SIZE=1>(dollars per barrel sold rounded to the nearest $0.05)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Cash costs</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>21.75</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>28.40</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>23.00</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>24.10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>24.15</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15.55</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15.65</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21.00</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>22.65</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18.70</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Natural gas</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4.50</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4.20</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2.10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3.60</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3.55</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3.45</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.55</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.60</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3.00</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.90</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Imported bitumen</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.05</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.20</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.10</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.05</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.10</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.10</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Cash operating costs</B></FONT><FONT SIZE=1>&nbsp;<SUP>(3)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>26.30</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>32.70</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25.10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>27.90</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>27.80</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19.05</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18.30</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>23.70</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25.65</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21.70</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Project start-up costs</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.15</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.55</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.95</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.90</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.10</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.35</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.25</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.40</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Total cash operating costs</B></FONT><FONT SIZE=1>&nbsp;<SUP>(4)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>26.40</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>33.85</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>26.20</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>28.45</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>28.75</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19.95</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18.40</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24.05</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25.90</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>22.10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Depreciation, depletion and amortization</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4.45</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.85</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.70</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.60</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.40</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3.90</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3.80</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4.30</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4.25</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4.05</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Total operating costs</B></FONT><FONT SIZE=1>&nbsp;<SUP>(5)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>30.85</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>39.70</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>31.90</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>34.05</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>34.15</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>23.85</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>22.20</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>28.35</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>30.15</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26.15</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><BR><FONT SIZE=1><B>Cash operating costs and total operating costs&nbsp;&#150;&nbsp;In-Situ Bitumen Production Only</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><FONT SIZE=1>(dollars per barrel sold rounded to the nearest $0.05)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Cash costs</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>11.05</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10.60</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>11.85</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>9.95</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10.85</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.70</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.50</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.55</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.05</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.95</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Natural gas</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>11.05</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10.60</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>9.10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>9.15</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>9.90</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7.70</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.15</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7.60</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9.90</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.35</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Cash operating costs</B></FONT><FONT SIZE=1>&nbsp;<SUP>(6)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>22.10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>21.20</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>20.95</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>19.10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>20.75</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13.40</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16.65</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13.15</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>17.95</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>17.30</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Firebag start-up costs</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.50</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.70</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Total cash operating costs</B></FONT><FONT SIZE=1>&nbsp;<SUP>(7)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>22.10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>21.20</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>20.95</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>19.10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>20.75</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21.90</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16.65</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13.15</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>17.95</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19.00</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Depreciation, depletion and amortization</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.35</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.75</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.70</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.80</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.20</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.90</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3.75</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.55</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.20</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.55</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Total operating costs</B></FONT><FONT SIZE=1>&nbsp;<SUP>(8)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>27.45</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>26.95</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>27.65</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25.90</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>26.95</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>28.80</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20.40</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18.70</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24.15</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24.55</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>92</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=45,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=263800,FOLIO='92',FILE='DISK130:[08ZAD1.08ZAD12501]GI12501A.;21',USER='SMAH',CD='26-FEB-2008;20:04' -->
<A NAME="page_gi12501_1_93"> </A>

<P style="font-family:;"><FONT SIZE=1><B>QUARTERLY SUMMARY </B></FONT><FONT SIZE=1>(unaudited) (continued) </FONT></P>

<P style="font-family:;"><FONT SIZE=1><B>OPERATING DATA</B></FONT><FONT SIZE=1> (continued) </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="80%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=7 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1><B>For the Quarter Ended</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>Total Year</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=7 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>For the Quarter Ended</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Total Year</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions, except per share amounts)</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Mar<BR>
31<BR>
2007</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>June<BR>
30<BR>
2007</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Sept<BR>
30<BR>
2007</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Dec<BR>
31<BR>
2007</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Mar<BR>
31<BR>
2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>June<BR>
30<BR>
2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Sept<BR>
30<BR>
2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Dec<BR>
31<BR>
2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>NATURAL GAS</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1><B>Gross production</B></FONT><FONT SIZE=1><SUP>(b)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="24%" style="font-family:;"><FONT SIZE=1>Natural gas<BR></FONT> <FONT SIZE=1>(millions of cubic&nbsp;feet per day)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>191</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>191</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>193</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>210</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>196</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>196</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>189</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>191</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>192</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>191</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="24%" style="font-family:;"><FONT SIZE=1>Natural gas liquids and crude oil<BR></FONT> <FONT SIZE=1>(thousands of barrels per day)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3.1</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3.0</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3.1</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3.2</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3.1</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3.2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3.5</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.8</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.6</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3.0</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="24%" style="font-family:;"><FONT SIZE=1>Total gross production </FONT><FONT SIZE=1>(thousands of barrels of oil equivalent per day)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>34.9</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>34.9</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>35.2</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>38.2</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>35.8</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>35.9</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>35.1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>34.6</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>34.7</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>34.8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="24%" style="font-family:;"><FONT SIZE=1>Total gross production </FONT><FONT SIZE=1>(millions of cubic&nbsp;feet equivalent per day)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>209</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>209</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>211</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>229</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>215</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>215</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>211</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>208</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>208</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>209</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1><B>Average sales price</B></FONT><FONT SIZE=1>&nbsp;<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="24%" style="font-family:;"><FONT SIZE=1>Natural gas<BR></FONT> <FONT SIZE=1>(dollars per thousand cubic&nbsp;feet)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>7.01</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.85</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.39</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.08</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.32</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9.03</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.38</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.33</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.55</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7.15</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="24%" style="font-family:;"><FONT SIZE=1>Natural gas<SUP>(a)</SUP><BR></FONT> <FONT SIZE=1>(dollars per thousand cubic&nbsp;feet)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>7.14</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.83</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.14</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.02</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.27</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.75</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.22</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.13</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.40</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.95</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="24%" style="font-family:;"><FONT SIZE=1>Natural gas liquids and crude oil&nbsp;&#150;&nbsp;conventional </FONT><FONT SIZE=1> (dollars per barrel)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>56.69</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>51.21</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>58.11</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>60.31</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>56.64</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>53.89</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>63.75</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>61.07</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>45.55</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>51.93</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1><B>REFINING AND MARKETING</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Refined product sales<BR></FONT> <FONT SIZE=1>(thousands of cubic metres per day)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>31.6</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>34.6</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>35.1</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>32.8</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>33.5</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26.6</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>31.6</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>31.4</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>29.1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>29.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Utilization of refining capacity (%)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>97</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>108</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>102</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>87</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>98</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>74</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>96</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>95</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>76</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>85</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=23 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Excludes
the impact of hedging activities.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(b)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Currently
natural gas production is located in the Western Canada Sedimentary Basin. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=1><B>Definitions  </B></FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Total
production&nbsp;&#150;&nbsp;Total production includes total production from both mining and in-situ operations.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Average
sales price&nbsp;&#150;&nbsp;This operating statistic is calculated before royalties and net of related transportation costs (including or excluding the
impact of hedging activities as noted).
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(3)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Cash
operating costs&nbsp;&#150;&nbsp;Total operations&nbsp;&#150;&nbsp;Include cash costs that are defined as operating, selling and
general expenses (excluding inventory changes), accretion expense, taxes other than income taxes and the cost of bitumen imported from third parties. Per barrel amounts are based on total production
volumes. For a reconciliation of this non-GAAP financial measure see Management's Discussion and Analysis.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(4)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Total
cash operating costs&nbsp;&#150;&nbsp;Total operations&nbsp;&#150;&nbsp;Include cash operating
costs&nbsp;&#150;&nbsp;Total operations as defined above and cash start-up costs. Per barrel amounts are based on total production volumes.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(5)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Total
operating costs&nbsp;&#150;&nbsp;Total operations&nbsp;&#150;&nbsp;Include total cash operating
costs&nbsp;&#150;&nbsp;Total operations as defined above and non-cash operating costs. Per barrel amounts are based on total production volumes.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(6)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Cash
operating costs&nbsp;&#150;&nbsp;In-situ bitumen production&nbsp;&#150;&nbsp;Include cash costs that are defined as
operating, selling and general expenses (excluding inventory changes), accretion expense and taxes other than income taxes. Per barrel amounts are based on in-situ production volumes only.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(7)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Total
cash operating costs&nbsp;&#150;&nbsp;In-situ bitumen production&nbsp;&#150;&nbsp;Include cash operating
costs&nbsp;&#150;&nbsp;In-situ bitumen production as defined above and cash start-up costs for in-situ operations. Per barrel amounts are
based on in-situ production volumes only.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(8)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Total
operating costs&nbsp;&#150;&nbsp;In-situ bitumen production&nbsp;&#150;&nbsp;Include total cash operating
costs&nbsp;&#150;&nbsp;In-situ bitumen production as defined above and non-cash operating costs. Per barrel amounts are based on in-situ
production volumes only. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=1><B>Metric conversion  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>
Crude oil, refined products, etc.&nbsp;&#150;&nbsp;1m<SUP>3</SUP> (cubic metre)&nbsp;= approximately 6.29&nbsp;barrels<BR>
Natural gas&nbsp;&#150;&nbsp;1m<SUP>3</SUP> (cubic metre)&nbsp;= approximately 35.49&nbsp;cubic&nbsp;feet </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>93</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=46,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=366139,FOLIO='93',FILE='DISK130:[08ZAD1.08ZAD12501]GI12501A.;21',USER='SMAH',CD='26-FEB-2008;20:04' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:;"><FONT SIZE=2><A
NAME="page_gk12501_1_94"> </A> </FONT> <FONT SIZE=6><B>

<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->

 </B></FONT><FONT SIZE=1><B>FIVE-YEAR FINANCIAL SUMMARY </B></FONT><FONT SIZE=1>(unaudited) </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>($&nbsp;millions, except for ratios)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2004</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2003</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1><B>Revenues</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Oil Sands</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6&nbsp;775</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7&nbsp;407</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;965</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;640</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;101</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Natural Gas</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>553</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>578</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>679</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>567</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>512</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Refining and Marketing</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>11&nbsp;173</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;593</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6&nbsp;984</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;995</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;451</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Corporate and eliminations</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(568</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(749</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(499</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(497</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(453</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>17&nbsp;933</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15&nbsp;829</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11&nbsp;129</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;705</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6&nbsp;611</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1><B>Net earnings (loss)</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Oil Sands</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;434</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;783</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>957</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>956</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>892</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Natural Gas</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>106</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>155</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>114</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>120</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Refining and Marketing</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>345</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>235</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>174</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>107</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>70</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Corporate and eliminations</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>28</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(153</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(128</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(101</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;832</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;971</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;158</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;076</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;100</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1><B>Cash flow from (used in) operations</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Oil Sands</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;092</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;917</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;916</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;717</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;780</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Natural Gas</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>248</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>281</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>412</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>314</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>296</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Refining and Marketing</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>580</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>443</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>363</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>204</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>158</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Corporate and eliminations</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(115</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(108</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(215</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(222</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(194</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;805</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;533</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;476</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;013</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;040</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1><B>Capital and exploration expenditures</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Oil Sands</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;431</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;463</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;948</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;119</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>953</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Natural Gas</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>531</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>458</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>363</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>279</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>184</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Refining and Marketing</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>376</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>665</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>779</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>418</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>153</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Corporate</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>77</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>27</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>63</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>31</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>32</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5&nbsp;415</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;613</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;153</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;847</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;322</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1><B>Total assets</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>24&nbsp;167</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18&nbsp;759</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15&nbsp;126</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11&nbsp;749</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10&nbsp;463</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><BR><FONT SIZE=1><B>Ending capital employed</B></FONT><FONT SIZE=1><SUP>(a)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><BR><FONT SIZE=1> Short-term and long-term debt,<BR>
less cash and cash equivalents</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B><BR>
3&nbsp;248</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
1&nbsp;849</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
2&nbsp;868</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
2&nbsp;134</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
2&nbsp;551</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Shareholders' equity</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>11&nbsp;613</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;952</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5&nbsp;996</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;874</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;858</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>14&nbsp;861</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10&nbsp;801</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;864</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7&nbsp;008</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6&nbsp;409</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Less capitalized costs related<BR>
to major projects in progress</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(4&nbsp;148</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(2&nbsp;649</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(2&nbsp;938</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1&nbsp;467</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1&nbsp;122</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10&nbsp;713</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;152</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5&nbsp;926</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5&nbsp;541</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5&nbsp;287</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" style="font-family:;"><BR><FONT SIZE=1><B>Total Suncor employees </B></FONT><FONT SIZE=1>(number at year-end)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B><BR>
6&nbsp;465</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
5&nbsp;766</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
5&nbsp;152</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
4&nbsp;605</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
4&nbsp;231</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>94</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=47,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=631431,FOLIO='94',FILE='DISK130:[08ZAD1.08ZAD12501]GK12501A.;14',USER='ATOBAK',CD='26-FEB-2008;20:48' -->
<A NAME="page_gk12501_1_95"> </A>

<P style="font-family:;"><FONT SIZE=1><B>FIVE-YEAR FINANCIAL SUMMARY </B></FONT><FONT SIZE=1>(unaudited) (continued) </FONT></P>

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<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>($&nbsp;millions, except for ratios)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2004</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2003</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
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<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
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<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1><B>Dollars per common share</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="36%" style="font-family:;"><FONT SIZE=1>Net earnings attributable to common shareholders</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.14</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.47</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.54</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.38</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.45</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
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<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="36%" style="font-family:;"><FONT SIZE=1>Cash dividends</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.38</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.30</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.24</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.23</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.1925</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="36%" style="font-family:;"><FONT SIZE=1>Cash flow from operations</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8.25</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9.87</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.43</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4.44</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4.54</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1><B>Ratios</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Return on capital employed (%)&nbsp;<SUP>(a), (b)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>28.3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>40.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19.8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19.0</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18.8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Return on capital employed (%)&nbsp;<SUP>(c)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>20.7</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>30.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>14.4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16.1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Return on shareholders' equity (%)&nbsp;<SUP>(d)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>27.5</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>39.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24.6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>32.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Debt to debt plus shareholders' equity (%)&nbsp;<SUP>(e)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>24.7</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>33.6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>31.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>43.2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
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<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net debt to cash flow from operations </FONT><FONT SIZE=1>(times)</FONT><FONT SIZE=1>&nbsp;<SUP>(f)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.9</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Interest coverage&nbsp;&#150;&nbsp;cash flow basis </FONT><FONT SIZE=1> (times)</FONT><FONT SIZE=1>&nbsp;<SUP>(g)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>22.2</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>30.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Interest coverage&nbsp;&#150;&nbsp;net earnings basis </FONT><FONT SIZE=1>(times)</FONT><FONT SIZE=1>&nbsp;<SUP>(h)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>17.7</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10.8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
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<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
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<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Capital
employed&nbsp;&#150;&nbsp;the sum of shareholders' equity plus short-term debt and long-term debt less cash and cash
equivalents, less capitalized costs related to major projects in progress (as&nbsp;applicable).
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(b)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Net
earnings adjusted for after-tax financing expenses (income) for the twelve-month period ended; divided by average capital employed. Average capital employed is the sum
of shareholders' equity and short-term debt plus long-term debt less cash and cash equivalents, at the beginning and end of the year, divided by two, less average capitalized
costs related to major projects in progress (as&nbsp;applicable). Return on capital employed (ROCE) for Suncor operating segments presented in the Quarterly Operating Summary is calculated in a
manner consistent with consolidated ROCE. For a detailed annual reconciliation of this non-GAAP financial measure see page&nbsp;46 of&nbsp;MD&amp;A.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(c)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>If
capital employed were to include capitalized costs related to major projects in progress, the return on capital employed would be as stated on this&nbsp;line.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(d)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Net
earnings as a percentage of average shareholders' equity. Average shareholders' equity is the sum of total shareholders' equity at the beginning and end of the year divided
by&nbsp;two.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(e)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Short-term
debt plus long-term debt; divided by the sum of short-term debt, long-term debt and shareholders' equity.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(f)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Short-term
debt plus long-term debt less cash and cash equivalents; divided by cash flow from operations for the year then&nbsp;ended.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(g)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Cash
flow from operations plus current income taxes and interest expense; divided by the sum of interest expense and capitalized interest.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(h)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Net
earnings plus income taxes and interest expense; divided by the sum of interest expense and capitalized interest. </FONT></DD></DL>
<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>95</B></FONT></P>

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<!-- ZEQ.=2,SEQ=48,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=967560,FOLIO='95',FILE='DISK130:[08ZAD1.08ZAD12501]GK12501A.;14',USER='ATOBAK',CD='26-FEB-2008;20:48' -->
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<P style="font-family:;"><FONT SIZE=2><A
NAME="page_gm12501_1_96"> </A> </FONT> <FONT SIZE=6><B>

<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->

 </B></FONT><FONT SIZE=1><B>SHARE TRADING INFORMATION </B></FONT><FONT SIZE=1>(unaudited) </FONT></P>

<P style="font-family:;"><FONT SIZE=1>
Common shares are listed on the Toronto Stock Exchange and New&nbsp;York Stock Exchange under the symbol&nbsp;SU. </FONT></P>

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<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=7 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1><B>For the Quarter Ended</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=7 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>For the Quarter Ended</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Mar&nbsp;31<BR>
2007</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>June&nbsp;30<BR>
2007</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Sept&nbsp;30<BR>
2007</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Dec&nbsp;31<BR>
2007</B></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Mar&nbsp;31<BR>
2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>June&nbsp;30<BR>
2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Sept&nbsp;30<BR>
2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Dec&nbsp;31<BR>
2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=19 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Share ownership</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Average number outstanding, weighted&nbsp;monthly </FONT><FONT SIZE=1>(thousands)</FONT><FONT SIZE=1>&nbsp;<SUP>(a)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>460&nbsp;074</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>460&nbsp;422</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>460&nbsp;789</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>461&nbsp;187</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>458&nbsp;230</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>458&nbsp;596</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>458&nbsp;859</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>459&nbsp;069</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Share price </B></FONT><FONT SIZE=1>(dollars)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Toronto Stock Exchange</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="25%" style="font-family:;"><FONT SIZE=1>High</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>92.85</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>99.70</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>101.55</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>109.47</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>93.85</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>102.18</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>97.12</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>95.00</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="25%" style="font-family:;"><FONT SIZE=1>Low</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>79.66</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>87.58</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>88.72</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>91.25</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>75.58</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>75.00</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>71.18</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>72.26</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="25%" style="font-family:;"><FONT SIZE=1>Close</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>87.85</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>95.96</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>94.46</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>107.91</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>89.63</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>90.34</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>80.19</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>91.79</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>New&nbsp;York Stock Exchange&nbsp;&#150;&nbsp;US$</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="25%" style="font-family:;"><FONT SIZE=1>High</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>77.79</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>93.52</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>100.11</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>117.98</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>82.15</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>89.86</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>86.78</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>82.08</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="25%" style="font-family:;"><FONT SIZE=1>Low</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>67.78</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>75.71</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>82.37</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>91.40</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>64.00</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>67.36</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>63.77</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>64.06</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="25%" style="font-family:;"><FONT SIZE=1>Close</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>76.35</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>89.92</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>94.81</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>108.73</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>77.02</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>81.01</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>72.05</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>78.91</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Shares traded </B></FONT><FONT SIZE=1>(thousands)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="25%" style="font-family:;"><FONT SIZE=1>Toronto Stock Exchange</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>109&nbsp;485</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>87&nbsp;784</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>99&nbsp;701</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>100&nbsp;233</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>107&nbsp;797</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>101&nbsp;626</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>106&nbsp;348</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>99&nbsp;704</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="25%" style="font-family:;"><FONT SIZE=1>New&nbsp;York Stock Exchange</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>97&nbsp;383</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>71&nbsp;365</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>65&nbsp;133</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>58&nbsp;157</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>114&nbsp;031</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>116&nbsp;492</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>100&nbsp;714</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>94&nbsp;676</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Per common share information </B></FONT><FONT SIZE=1>(dollars)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net earnings attributable to common&nbsp;shareholders</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.20</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.39</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.47</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2.08</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.56</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.65</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.48</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.78</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Cash dividends</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.08</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.10</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.06</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.08</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.08</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.08</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=19 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>The
company had approximately 2,387 holders of record of common shares as at January&nbsp;31,&nbsp;2008. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=1><B>Information for Security Holders Outside Canada  </B></FONT></P>

<P style="font-family:;"><FONT SIZE=1>Cash dividends paid to shareholders resident in countries with which Canada has an income tax convention are usually subject to Canadian non-resident withholding tax
of 15%. The withholding tax rate is reduced to 5% on dividends paid to a corporation if it is a resident of the United&nbsp;States that owns at least 10% of the voting shares of the&nbsp;company. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>96</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=49,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=584772,FOLIO='96',FILE='DISK130:[08ZAD1.08ZAD12501]GM12501A.;11',USER='SMAH',CD='26-FEB-2008;20:04' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:;"><FONT SIZE=2><A
NAME="page_go12501_1_97"> </A> </FONT> <FONT SIZE=6><B>


<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->


 </B></FONT><FONT SIZE=1><B>SUPPLEMENTAL FINANCIAL AND OPERATING INFORMATION </B></FONT><FONT SIZE=1>(unaudited) </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2004</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2003</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1><B>OIL SANDS</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1><B>Production&nbsp;</B></FONT><FONT SIZE=1>(thousands of barrels per day)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>235.6</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>260.0</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>171.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>226.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>216.6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1><B>Sales</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>(thousands of barrels per day)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>Light sweet crude oil</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>101.7</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>110.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>73.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>114.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>112.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>Diesel</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25.0</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>28.2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15.6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>27.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>Light sour crude oil</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>102.3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>118.2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>59.8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>75.1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>73.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>Bitumen</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.7</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16.6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>234.7</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>263.1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>165.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>226.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>218.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1><B>Average sales price&nbsp;</B></FONT><FONT SIZE=1>(dollars per barrel)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>Light sweet crude oil</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>78.03</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>71.98</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>49.93</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>45.60</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>40.26</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>Other (diesel, light sour crude oil and bitumen)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>70.86</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>65.17</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>56.90</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>39.13</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>33.93</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>74.01</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>68.03</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>53.81</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>42.28</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>37.19</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>Total&nbsp;<SUP>(a)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>74.07</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>68.03</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>62.68</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>49.78</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>40.22</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><BR><FONT SIZE=1> Cash operating costs&nbsp;&#150;&nbsp;total operations&nbsp;<SUP>(b)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B><BR>
27.80</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
21.70</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
24.55</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
15.15</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
13.80</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>Total cash operating costs&nbsp;&#150;&nbsp;total operations&nbsp;<SUP>(b)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>28.75</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>22.10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24.65</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15.45</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13.80</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>Total operating costs&nbsp;&#150;&nbsp;total operations&nbsp;<SUP>(b)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>34.15</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26.15</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>29.95</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19.05</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>17.15</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><BR><FONT SIZE=1> Cash operating costs&nbsp;&#150;&nbsp;in-situ bitumen<BR>
production&nbsp;<SUP>(b), (e)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B><BR>
20.75</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
17.30</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
22.20</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
22.05</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>Total cash operating costs&nbsp;&#150;&nbsp;in-situ bitumen<BR>
production&nbsp;<SUP>(b), (e)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>20.75</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19.00</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>23.20</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>28.90</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1>Total operating costs&nbsp;&#150;&nbsp;in-situ bitumen<BR>
production&nbsp;<SUP>(b), (e)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>26.95</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24.55</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>28.10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>34.90</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><BR><FONT SIZE=1> Ending capital employed excluding major projects in progress</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B><BR>
6&nbsp;541</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
5&nbsp;015</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
4&nbsp;436</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
4&nbsp;088</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
4&nbsp;007</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><BR><FONT SIZE=1><B>Return on capital employed</B></FONT><FONT SIZE=1> (%)&nbsp;<SUP>(c)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B><BR>
42.6</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
53.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
22.4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
22.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
21.1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" style="font-family:;"><FONT SIZE=1><B>Return on capital employed</B></FONT><FONT SIZE=1> (%)&nbsp;<SUP>(d)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>27.6</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>40.1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16.0</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18.2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>17.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Excludes
the impact of hedging activities.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(b)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Dollars
per barrel rounded to the nearest $0.05. See definitions on page&nbsp;93.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(c)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>See
definitions on page&nbsp;95.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(d)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>If
capital employed were to include capitalized costs related to major projects in progress, the return on capital employed would be as stated on this line.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(e)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>In-situ
bitumen production commenced commerical operations on April&nbsp;1,&nbsp;2004. </FONT></DD></DL>
<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>97</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=50,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=575152,FOLIO='97',FILE='DISK130:[08ZAD1.08ZAD12501]GO12501A.;19',USER='STOTHA',CD=';3-MAR-2008;19:17' -->
<A NAME="page_go12501_1_98"> </A>

<P style="font-family:;"><FONT SIZE=1><B>SUPPLEMENTAL FINANCIAL AND OPERATING INFORMATION </B></FONT><FONT SIZE=1>(unaudited) (continued) </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2004</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2003</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=14 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1><B>NATURAL GAS</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1><B>Production</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Natural gas </FONT><FONT SIZE=1>(millions of cubic&nbsp;feet per day)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Gross</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>196</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>191</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>190</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>200</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>187</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net&nbsp;<SUP>(a)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>153</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>141</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>137</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>147</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>142</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Natural gas liquids and crude oil<BR></FONT> <FONT SIZE=1>(thousands of barrels per day)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Gross</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3.1</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3.0</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3.2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net&nbsp;<SUP>(a)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2.4</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Total </FONT><FONT SIZE=1>(thousands of boe&nbsp;<SUP>(b)</SUP> per day)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Gross</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>35.8</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>34.8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>34.8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>36.8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>34.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net&nbsp;<SUP>(a)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>27.9</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25.8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>27.1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26.4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Total </FONT><FONT SIZE=1>(millions of cubic&nbsp;feet equivalent per day)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Gross</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>215</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>209</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>209</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>221</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>209</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net&nbsp;<SUP>(a)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>167</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>155</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>152</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>163</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>158</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><BR><FONT SIZE=1><B>Average sales price</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Natural gas </FONT><FONT SIZE=1>(dollars per thousand cubic&nbsp;feet)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.32</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7.15</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.57</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.70</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.42</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Natural gas </FONT><FONT SIZE=1>(dollars per thousand cubic&nbsp;feet)</FONT><FONT SIZE=1>&nbsp;<SUP>(c)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.27</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.95</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.59</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.73</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.42</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Natural gas liquids and crude oil&nbsp;&#150;&nbsp;conventional </FONT><FONT SIZE=1>(dollars per barrel)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>56.64</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>51.93</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>54.24</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>44.99</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>37.67</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><BR><FONT SIZE=1> Ending capital employed</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B><BR>
1&nbsp;153</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
857</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
562</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
447</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
400</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><BR><FONT SIZE=1><B>Return on capital employed</B></FONT><FONT SIZE=1> (%)&nbsp;<SUP>(g)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B><BR>
2.5</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
14.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
30.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
26.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
29.2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><BR><FONT SIZE=1><B>Undeveloped landholdings</B></FONT><FONT SIZE=1>&nbsp;<SUP>(d)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Oil and gas </FONT><FONT SIZE=1>(millions of acres)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Western Canada</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Gross</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Net&nbsp;<SUP>(e)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.7</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>International</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Gross</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.1</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Net&nbsp;<SUP>(e)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><BR><FONT SIZE=1><B>Net wells drilled</B></FONT><FONT SIZE=1>&nbsp;<SUP>(f)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Exploratory</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Oil</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Gas</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>7</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Dry</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>31</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Development</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Oil</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Gas</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>14</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Dry</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=14 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>31</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>34</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>54</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=14 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Net
of royalties.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(b)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Barrel
of oil equivalent&nbsp;&#150;&nbsp;converts natural gas to oil on the approximate energy equivalent basis that 6,000&nbsp;cubic&nbsp;feet equals one
barrel of&nbsp;oil.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(c)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Excludes
the impact of hedging activities.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(d)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Metric
conversion: Landholdings&nbsp;&#150;&nbsp;1&nbsp;hectare&nbsp;= approximately 2.5&nbsp;acres.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(e)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Our
interest in the undeveloped landholdings.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(f)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Excludes
interests in eight&nbsp;net exploratory wells and eight&nbsp;net development wells in progress at the end of&nbsp;2007.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(g)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>See
definitions on page&nbsp;95. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>98</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=51,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="2",CHK=55100,FOLIO='98',FILE='DISK130:[08ZAD1.08ZAD12501]GO12501A.;19',USER='STOTHA',CD=';3-MAR-2008;19:17' -->
<A NAME="page_go12501_1_99"> </A>

<P style="font-family:;"><FONT SIZE=1><B>SUPPLEMENTAL FINANCIAL AND OPERATING INFORMATION </B></FONT><FONT SIZE=1>(unaudited) (continued) </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2004</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2003</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>REFINING AND MARKETING</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Refined product sales</B></FONT><BR>
<FONT SIZE=1>(thousands of cubic metres per day)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Transportation fuels</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Gasoline</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Retail&nbsp;<SUP>(a)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.2</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Other</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>11.6</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10.6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10.1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Distillate</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10.6</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Total transportation fuel sales</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>27.4</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24.4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>23.6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Petrochemicals</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.9</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Asphalt</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.7</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Other</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3.5</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3.0</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3.0</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Total refined product sales</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>33.5</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>29.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>28.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24.1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Crude oil supply and refining</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="38%" style="font-family:;"><FONT SIZE=1>Processed at refineries<BR></FONT> <FONT SIZE=1>(thousands of cubic metres per day)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25.1</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>22.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19.9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Utilization of refining capacity (%)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>98</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>85</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>97</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>96</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>96</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1> Ending capital employed excluding major projects in progress</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B><BR>
2&nbsp;270</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
1&nbsp;818</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
796</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
736</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
820</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><BR><FONT SIZE=1><B>Return on capital employed</B></FONT><FONT SIZE=1> (%)&nbsp;<SUP>(b)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B><BR>
16.8</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
20.4</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
22.2</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
13.0</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
10.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Return on capital employed</B></FONT><FONT SIZE=1> (%)&nbsp;<SUP>(b), (c), (e)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>14.5</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12.5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13.8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12.0</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Retail outlets</B></FONT><FONT SIZE=1>&nbsp;<SUP>(d)</SUP> </FONT><FONT SIZE=1>(number at year-end)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>419</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>417</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>417</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>421</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>422</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=13 style="font-family:;"><HR NOSHADE></TD>
</TR>
</TABLE>
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<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Excludes
sales through joint venture interests.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(b)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>See
definitions on page&nbsp;95.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(c)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>If
capital employed were to include capitalized costs related to major projects in progress, the return on capital employed would be as stated on this&nbsp;line.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(d)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Sunoco-branded
and Phillips 66&reg;-branded service stations, other private brands managed by refining and marketing, and refining and marketing's interest in
service stations managed through joint&nbsp;ventures.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(e)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>For
2003, return on capital employed calculated for Canadian operations only (U.S.&nbsp;operations acquired during&nbsp;2003). </FONT></DD></DL>
<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>99</B></FONT></P>

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<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_di76701_2">Audited Consolidated Financial Statements of Suncor Energy Inc. for the fiscal year ended December 31, 2007, including reconciliation to U.S. GAAP (Note 20)</A></FONT><BR>

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<BR></FONT><FONT SIZE=2><B>Management's Discussion and Analysis for the fiscal year ended December&nbsp;31,<BR>  2007, dated February&nbsp;27,&nbsp;2008    <BR>    </B></FONT></P>

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 </B></FONT><FONT COLOR="#5C7DA8" SIZE=2><B>MANAGEMENT'S DISCUSSION AND ANALYSIS<BR>  </B></FONT><FONT COLOR="#5C7DA8" SIZE=1>February&nbsp;27, 2008</FONT></P>


<P style="font-family:;"><FONT SIZE=2>
This Management's Discussion and Analysis (MD&amp;A) contains forward-looking statements. These statements are based on certain estimates and assumptions and involve risks and uncertainties. Actual
results may differ materially. See page&nbsp;48 for&nbsp;additional information. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>This
MD&amp;A should be read in conjunction with Suncor's audited Consolidated Financial Statements and the accompanying notes. All financial information is reported in Canadian dollars (Cdn$) and in
accordance with Canadian generally accepted accounting principles (GAAP), unless noted otherwise. The financial measures cash flow from operations, return on capital employed (ROCE) and cash and total
operating costs per barrel referred to in this MD&amp;A are not prescribed by GAAP and are outlined and reconciled in Non-GAAP Financial Measures on page&nbsp;46. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Certain
prior year amounts have been reclassified to enable comparison with the current year's presentation. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Barrels
of oil equivalent (boe) may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic&nbsp;feet (mcf) of natural gas&nbsp;: one barrel of crude
oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the&nbsp;wellhead. </FONT></P>


<P style="font-family:;"><FONT SIZE=2>References
to "we," "our," "us," "Suncor" or "the company" mean Suncor Energy&nbsp;Inc., its subsidiaries, partnerships and joint venture investments, unless the context otherwise requires. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
tables and charts in this document form an integral part of this MD&amp;A. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Additional
information about Suncor filed with Canadian securities regulatory authorities and the United&nbsp;States Securities and Exchange Commission (SEC), including periodic quarterly and annual
reports and the Annual Information Form (AIF), filed with the SEC under cover of Form&nbsp;40-F, is available online at www.sedar.com, www.sec.gov and our website www.suncor.com.
Information contained in or otherwise accessible through our website does not form&nbsp;a part of this MD&amp;A and is not incorporated by reference into this&nbsp;MD&amp;A. </FONT></P>


<P style="font-family:;"><FONT SIZE=2>In
order to provide shareholders with full disclosure relating to potential future capital expenditures, we have provided cost estimates for projects that, in some cases, are still in the early stages
of development. These costs are preliminary estimates only. The actual amounts are expected to differ and these differences may be material. For a further discussion of our significant capital
projects, see the Significant Capital Project Update on page&nbsp;18. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>10</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>SUNCOR OVERVIEW AND STRATEGIC PRIORITIES</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Suncor Energy&nbsp;Inc. is an integrated energy company headquartered in Calgary, Alberta. We operate three businesses: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Oil sands</B></FONT><FONT SIZE=2>, located
near Fort McMurray, Alberta, produces bitumen recovered from oil sands through mining and in-situ technology and upgrades it into refinery feedstock, diesel fuel and&nbsp;byproducts.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Natural gas</B></FONT><FONT SIZE=2>,
located in western Canada, is a conventional exploration and development operation, focused primarily on the production of natural gas. Its natural gas production offsets Suncor's purchases for
internal consumption at our oil sands operations.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Refining and
marketing</B></FONT><FONT SIZE=2>, Suncor's downstream operations located in Ontario and Colorado, produce and market the company's refined products to industrial, commercial
and retail customers. </FONT></DD></DL>
<BR>

<P style="font-family:;"><FONT SIZE=2>In
addition to Suncor's integrated oil sands-focused business activities, the company is also investing in renewable energy opportunities. Suncor is a partner in four wind power projects and operates
Canada's largest ethanol&nbsp;plant. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Suncor's
strategic priorities are: </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Operational:</I></B></FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Developing our oil sands resource base through mining and in-situ technology and supplementing Suncor
bitumen production with third-party supply.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Expanding oil sands mining, in-situ and upgrading facilities to increase crude oil production and improving
reliability by providing flexible bitumen feed and upgrading options.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Integrating oil sands production into the North American energy market through Suncor's refineries and
third-party refineries to reduce vulnerability to supply and demand imbalances.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Managing environmental and social performance by mitigating impact to air, water and land while also earning continued
stakeholder support for our ongoing operations and growth&nbsp;plans.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Maintaining a strong focus on worker, contractor and community health and&nbsp;safety. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Financial:</I></B></FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Controlling costs through a strong focus on operational excellence, economies of scale and continued management of
engineering, procurement and construction of major&nbsp;projects.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Reducing risk associated with natural gas price volatility by producing natural gas volumes that offset purchases for
internal consumption.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Ensuring appropriate levels of debt and capital spending are in place to support growth in a fiscally responsible
manner. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>2007 Overview</B></FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Combined oil sands and natural gas production in 2007 was 271,400&nbsp;barrels of oil equivalent (boe) per day,
compared to 294,800&nbsp;boe per day in 2006. Oil sands production averaged 235,600&nbsp;barrels per day (bpd) in 2007, compared to 260,000&nbsp;bpd in 2006. Oil sands cash operating costs
averaged $27.80 per barrel during 2007, compared to $21.70 per barrel in 2006. Natural gas production averaged 215&nbsp;million cubic&nbsp;feet equivalent (mmcfe) per day, compared to an average
209&nbsp;mmcfe per day in&nbsp;2006.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Suncor continued to make progress on plans to expand Upgrader&nbsp;2 and increase production capacity to
350,000&nbsp;bpd, with construction completion targeted in the second quarter of 2008 and ramp-up to full capacity expected in the fourth quarter. As of December&nbsp;31, 2007, the
project was 95%&nbsp;complete.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>In July, Suncor filed a regulatory application for the Voyageur South mine extension. Bitumen produced at the proposed
project is expected to provide additional feedstock flexibility.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>In Suncor's downstream operations, investments were made to integrate up to 40,000&nbsp;bpd of oil sands sour crude
into the company's Sarnia, Ontario refinery.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>In September, Suncor commissioned its fourth wind farm. The 76-megawatt facility located near Ripley,
Ontario is the company's largest wind power&nbsp;project.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Capital spending in 2007 totalled $5.4&nbsp;billion. Net debt at year-end 2007 was $3.2&nbsp;billion,
compared to $1.8&nbsp;billion at the end of&nbsp;2006.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Suncor achieved a company-wide return on capital employed of 28.3% in 2007, compared to 40.7% in 2006
(excluding capitalized costs for major projects in&nbsp;progress). </FONT></DD></DL>
<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>11</B></FONT></P>

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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>SELECTED FINANCIAL INFORMATION</B></FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Annual Financial Data</B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>Year ended December&nbsp;31 ($&nbsp;millions except per share)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>Revenues</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>17&nbsp;933</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15&nbsp;829</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11&nbsp;129</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>Net earnings</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;832</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;971</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;158</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>Total assets</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>24&nbsp;167</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18&nbsp;759</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15&nbsp;126</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>Long-term debt</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;811</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;363</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;984</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>Dividends on common shares</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>162</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>127</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>102</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>Net earnings attributable to common shareholders per share&nbsp;&#150;&nbsp;basic</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.14</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.47</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.54</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>Net earnings attributable to common shareholders per share&nbsp;&#150;&nbsp;diluted</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.02</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.32</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.48</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>Cash dividends per share</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.38</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.30</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.24</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Outstanding Share Data</B></FONT></P>

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<TD WIDTH="85%" style="font-family:;"><FONT SIZE=1>At December&nbsp;31, 2007 (thousands)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="85%" style="font-family:;"><FONT SIZE=1>Number of common shares</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>462&nbsp;783</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="85%" style="font-family:;"><FONT SIZE=1>Number of common share options</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>27&nbsp;000</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="85%" style="font-family:;"><FONT SIZE=1>Number of common share options&nbsp;&#150;&nbsp;exercisable</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7&nbsp;276</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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</DIV>

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<P style="font-family:;font-size:1pt;margin-top:-1pt;">&nbsp;</P>

<DIV
style='position:relative;float:left;margin:right=3%;width:47%'>

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<TD WIDTH="49%" style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Net Earnings </B></FONT><FONT SIZE=2>&nbsp;<SUP>(1)</SUP><BR></FONT> <FONT SIZE=1>Year ended December&nbsp;31<BR>
($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><B>
<IMG SRC="g554244.jpg" ALT="GRAPHIC" WIDTH="60" HEIGHT="60">
 </B></FONT></TD>
</TR>
</TABLE>
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<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>07</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>06</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>05</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="80%" style="font-family:;"><BR><FONT COLOR="#5C7DA8" SIZE=1>&#149;</FONT><FONT SIZE=1>&nbsp;&nbsp;Oil sands</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B><BR>
2&nbsp;434</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
2&nbsp;783</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
957</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>&#149;&nbsp;&nbsp;Natural gas</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>106</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>155</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>&#149;&nbsp;&nbsp;Refining and marketing</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>345</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>235</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>174</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
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<DIV
style='position:relative;float:right;margin:left=3%;width:47%'>

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<TD WIDTH="49%" style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Cash Flow<BR>
from Operations </B></FONT><FONT SIZE=2>&nbsp;<SUP>(1),</SUP><SUP>(2)</SUP><BR></FONT> <FONT SIZE=1>Year ended December&nbsp;31<BR>
($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><B>
<IMG SRC="g546409.jpg" ALT="GRAPHIC" WIDTH="58" HEIGHT="58">
 </B></FONT></TD>
</TR>
</TABLE>
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<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="77%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="78%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>07</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>06</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>05</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="78%" style="font-family:;"><BR><FONT COLOR="#5C7DA8" SIZE=1>&#149;</FONT><FONT SIZE=1>&nbsp;&nbsp;Oil sands</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B><BR>
3&nbsp;092</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
3&nbsp;917</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
1&nbsp;916</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="78%" style="font-family:;"><FONT SIZE=1>&#149;&nbsp;&nbsp;Natural gas</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>248</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>281</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>412</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="78%" style="font-family:;"><FONT SIZE=1>&#149;&nbsp;&nbsp;Refining and marketing</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>580</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>443</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>363</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
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</DIV>

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<P style="font-family:;font-size:1pt;margin-top:-1pt;">&nbsp;</P>

<DIV
style='position:relative;float:left;margin:right=3%;width:47%'>

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<TD WIDTH="49%" style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Capital Employed </B></FONT><FONT SIZE=2>&nbsp;<SUP>(1),</SUP><SUP>(2),</SUP><SUP>(3)</SUP><BR></FONT> <FONT SIZE=1>At December&nbsp;31<BR>
($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="49%" style="font-family:;"><FONT SIZE=1><B>
<IMG SRC="g377059.jpg" ALT="GRAPHIC" WIDTH="60" HEIGHT="60">
 </B></FONT></TD>
</TR>
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<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="77%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="78%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>07</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>06</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>05</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="78%" style="font-family:;"><BR><FONT COLOR="#5C7DA8" SIZE=1>&#149;</FONT><FONT SIZE=1>&nbsp;&nbsp;Oil sands</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B><BR>
6&nbsp;541</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
5&nbsp;015</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><BR>
4&nbsp;436</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="78%" style="font-family:;"><FONT SIZE=1>&#149;&nbsp;&nbsp;Natural gas</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;153</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>857</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>562</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="78%" style="font-family:;"><FONT SIZE=1>&#149;&nbsp;&nbsp;Refining and marketing</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;270</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;818</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>796</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
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<TD WIDTH="3%" style="font-family:;"><BR><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="97%" style="font-family:;"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>(1)</FONT></TD>
<TD WIDTH="97%" style="font-family:;"><FONT SIZE=1>Excludes Corporate and Eliminations segment.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1> (2)</FONT></TD>
<TD WIDTH="97%" style="font-family:;"><FONT SIZE=1>Non-GAAP measures.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>  (3)</FONT></TD>
<TD WIDTH="97%" style="font-family:;"><FONT SIZE=1>Excludes major projects in progress.</FONT></TD>
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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>12</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>CONSOLIDATED FINANCIAL ANALYSIS</B></FONT></P>


<P style="font-family:;"><FONT SIZE=2>This analysis provides an overview of our consolidated financial results for 2007 compared to 2006. For a detailed analysis, see the various business segment
discussions. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Net Earnings</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Our net earnings were $2.832&nbsp;billion in 2007, compared with $2.971&nbsp;billion in 2006
(2005&nbsp;&#150;&nbsp;$1.158&nbsp;billion). Excluding the impacts of the reduction of federal and Alberta income tax rates, net insurance proceeds (relating to a
January&nbsp;2005 fire), unrealized foreign exchange gains on the company's U.S.&nbsp;dollar denominated long-term debt, and project start-up costs, earnings were
$2.239&nbsp;billion in 2007, compared to $2.350&nbsp;billion in 2006 (2005&nbsp;&#150;&nbsp;$850&nbsp;million). The decrease in net earnings primarily reflects the impact
of scheduled and unscheduled maintenance that reduced crude oil production and increased operating expenses. The largest impacts on financial results were a scheduled 50-day maintenance
shutdown to portions of Suncor's oil sands operation to tie in new facilities related to a planned expansion and a scheduled 120-day shutdown to
portions of the Sarnia refinery to tie in new sour crude processing facilities. These impacts were partly offset by higher realized crude oil&nbsp;prices. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Net Earnings Components</B></FONT><FONT COLOR="#5C7DA8" SIZE=2>&nbsp;</FONT><FONT SIZE=2><SUP>(1)</SUP> </FONT></P>

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<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Year ended December&nbsp;31 ($&nbsp;millions, after-tax)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
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<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1> Net earnings before the following items:</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;239</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;350</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>850</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="62%" style="font-family:;"><FONT SIZE=1> Impact of income tax rate reductions on opening future income tax liabilities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>427</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>419</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="62%" style="font-family:;"><FONT SIZE=1> Oil sands fire accrued insurance proceeds&nbsp;<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>232</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>293</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="62%" style="font-family:;"><FONT SIZE=1> Unrealized foreign exchange gains on U.S.&nbsp;dollar denominated long-term debt</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>215</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>31</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="62%" style="font-family:;"><FONT SIZE=1> Project start-up costs</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(49</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(30</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(16</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
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<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net earnings as reported</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;832</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;971</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;158</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
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<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>This
table highlights some of the factors impacting Suncor's after-tax net earnings. For comparability purposes, readers should rely on the reported net earnings that are
prepared and presented in the consolidated financial statements and notes in accordance with Canadian&nbsp;GAAP.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Net
accrued property loss and business interruption proceeds net of income taxes and Alberta Crown royalties. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Industry Indicators</B></FONT></P>

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<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>(Average for the year)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
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<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
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<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>West Texas Intermediate (WTI) crude oil US$/barrel at Cushing</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>72.30</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>66.20</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>56.55</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
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<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>Canadian 0.3% par crude oil Cdn$/barrel at Edmonton</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>76.65</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>73.05</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>69.00</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
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<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>Light/heavy crude oil differential US$/barrel WTI<BR>
at Cushing less Western Canadian Select at&nbsp;Hardisty</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>22.25</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21.45</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20.20</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
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<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>Natural gas US$/thousand cubic&nbsp;feet (mcf) at Henry Hub</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.90</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7.25</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.55</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
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<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>Natural gas (Alberta spot) Cdn$/mcf at AECO</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.60</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7.00</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.50</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
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<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>New&nbsp;York Harbour 3-2-1&nbsp;crack US$/barrel&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>13.70</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9.80</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9.50</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
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<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>Exchange rate: US$/Cdn$</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.93</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.88</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.83</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
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<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
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<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>New&nbsp;York
Harbour 3-2-1&nbsp;crack is an industry indicator measuring the margin on a barrel of oil for gasoline and distillate. It is calculated by
taking two times the New&nbsp;York Harbour gasoline margin plus the New&nbsp;York Harbour distillate margin and dividing by&nbsp;three. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Revenues</B></FONT><FONT SIZE=2> were $17.933&nbsp;billion in 2007, compared with
$15.829&nbsp;billion in 2006 (2005&nbsp;&#150;&nbsp;$11.129&nbsp;billion). The increase was primarily due to the following factors: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Energy marketing and trading revenues increased to $2.883&nbsp;billion in 2007, compared to $1.582&nbsp;billion in
2006. The increase is due primarily to a larger volume of crude oil traded and higher average crude oil&nbsp;prices.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>A reduction in planned refinery maintenance in 2007 compared to 2006 led to increased refinery utilization and sales in
our downstream operations. Downstream operations also benefited from stronger refining and retail margins reflecting supply constraints in the Ontario and U.S.&nbsp;Rocky Mountain regions.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Average crude oil prices were higher in 2007 than in 2006. A 9% increase in average U.S.&nbsp;dollar WTI benchmark
prices increased the selling price of oil sands crude oil production. In addition, strengthening price realizations for our sweet and sour blends relative to WTI also increased our&nbsp;revenue. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=2>Partially
offsetting these increases were the following: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Oil sands production and sales volumes were lower during 2007, mainly as a result of the planned shutdown of
Upgrader&nbsp;2. The 50-day outage was </FONT></DD></DL>
<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>13</B></FONT></P>

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<P style="font-family:;"><FONT SIZE=2>required
to tie in new facilities related to our planned expansion of oil sands production capacity. </FONT></P>

</UL>
<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>A 6% increase in the average US$/Cdn$ exchange rate negatively impacted realizations on our crude oil sales basket.
Because crude oil is primarily sold based on U.S.&nbsp;dollar benchmark prices, a strengthening Canadian dollar produced a corresponding reduction in the Canadian dollar value of
our&nbsp;products.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>The absence of net insurance proceeds relating to a January&nbsp;2005 fire at our oil sands operations
(2006&nbsp;&#150;&nbsp;$436&nbsp;million). </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=2>Overall,
reduced production in our oil sands operations decreased revenues by approximately $634&nbsp;million. Higher price realizations on our crude oil products increased total revenues by
approximately $470&nbsp;million. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>The cost to purchase crude oil and crude oil products</B></FONT><FONT SIZE=2> was $5.935&nbsp;billion in 2007, compared to
$4.678&nbsp;billion in 2006 (2005&nbsp;&#150;&nbsp;$4.164&nbsp;billion). The increase was primarily due to the&nbsp;following: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Higher benchmark crude oil prices. This had the largest impact on product purchases for our refining and marketing
business, as WTI increased by more than US$6.00/bbl over the prior&nbsp;year.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Increased inputs of crude oil feedstock to meet higher demand from our refineries, and additional purchases of refined
products to meet sales commitments during planned maintenance outages in our oil sands and downstream operations. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Operating, selling and general expenses</B></FONT><FONT SIZE=2> were $3.375&nbsp;billion in 2007 compared with
$3.043&nbsp;billion in 2006 (2005&nbsp;&#150;&nbsp;$2.437&nbsp;billion). The primary reasons for the increase&nbsp;were: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>An increase in the costs associated with maintenance activities.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Higher stock-based compensation expenses resulting from the launch of our new performance stock option plan in
September&nbsp;2007 and continued growth in our share&nbsp;price. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Transportation and other expenses</B></FONT><FONT SIZE=2> were $198&nbsp;million in 2007, compared to $212&nbsp;million
in 2006 (2005&nbsp;&#150;&nbsp;$152&nbsp;million). The decrease in transportation costs was primarily due to reduced volumes shipped out of the Fort McMurray&nbsp;area. </FONT></P>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Depreciation, depletion and amortization</B></FONT><FONT SIZE=2> (DD&amp;A) was $864&nbsp;million in 2007, compared to
$695&nbsp;million in 2006 (2005&nbsp;&#150;&nbsp;$568&nbsp;million). The increase primarily reflects the construction and commissioning of new operating units at both our
oil sands operation and our Sarnia refinery. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Royalty expenses</B></FONT><FONT SIZE=2> were $691&nbsp;million in 2007, compared with $1,038&nbsp;million in 2006
(2005&nbsp;&#150;&nbsp;$555&nbsp;million). The decrease in 2007 was primarily due to an increase in capital expenditures incurred in our oil sands operations, lower sales
volumes and also the absence of net insurance proceeds (relating to a January&nbsp;2005 fire). These factors were partially offset by increased crude oil prices. For a discussion of Crown royalties,
see pages&nbsp;19&nbsp;and&nbsp;20. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Taxes other than income taxes</B></FONT><FONT SIZE=2> were $648&nbsp;million in 2007, compared to $595&nbsp;million in
2006 (2005&nbsp;&#150;&nbsp;$529&nbsp;million). The increase was primarily due to higher sales volumes subject to Canadian fuel excise taxes in our refining and marketing
operations. </FONT></P>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Financing income</B></FONT><FONT SIZE=2> was $211&nbsp;million in 2007, compared with expenses of $39&nbsp;million in
2006 (2005&nbsp;&#150;&nbsp;income of $15&nbsp;million). The increase in financing income was primarily due to the foreign exchange gains on our U.S.&nbsp;dollar denominated
long-term debt. Although interest expense related to our long-term debt increased from the prior year due to additional debt issuance during 2007, it was all capitalized,
resulting in no total interest expense in 2007, compared to $21&nbsp;million in 2006. Capitalized interest was $189&nbsp;million in 2007, compared to $129&nbsp;million in&nbsp;2006. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Income tax expense</B></FONT><FONT SIZE=2> was $513&nbsp;million in 2007 (15% effective tax rate), compared to
$835&nbsp;million in 2006 (21% effective tax rate) and $694&nbsp;million in 2005 (37% effective tax rate). The decrease in the effective tax rate was primarily due to a decrease in statutory
rates, an increase in the deductibility of Crown royalties, as well as an increase in the revaluation of opening future income tax liabilities due to the enactment of tax rate reductions. Income tax
expense in both 2007 and 2006 included the effects of reductions in tax rates that reduced opening future income tax liabilities as&nbsp;follows: </FONT></P>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>14</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Impact of Tax Rate Changes on Segmented Earnings</B></FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="15%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=7 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B><BR>
2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="15%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=14 ALIGN="RIGHT" style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="15%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions, increase (decrease) in earnings)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Oil Sands</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Natural Gas</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Refining&nbsp;and Marketing</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Corporate&nbsp;and<BR>
Eliminations</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>Total</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=16 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="15%" style="font-family:;"><FONT SIZE=1>Federal</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>413</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>39</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>17</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(42</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>427</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>292</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="15%" style="font-family:;"><FONT SIZE=1>Alberta</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>127</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=16 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="15%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>413</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>39</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>17</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(42</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>427</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>419</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=16 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=1>Reflects fourth quarter 2007 federal rate reduction of 3.5%, second quarter 2007 federal rate reduction of 0.5%, second
quarter 2006 federal rate reduction of 3.1% and second quarter 2006 Alberta rate reduction of&nbsp;1.5%. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Excluding these adjustments, income tax expense in 2007 was $940&nbsp;million (28% effective tax rate) and $1,254&nbsp;million in 2006 (33% effective
tax&nbsp;rate). </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Corporate Earnings</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>After-tax net corporate earnings were $28&nbsp;million in 2007, compared to expense of $153&nbsp;million in 2006
(2005&nbsp;&#150;&nbsp;$128&nbsp;million expense). Excluding the impact of group elimination entries, actual after-tax net corporate earnings were
$31&nbsp;million in 2007 (2006&nbsp;&#150;&nbsp;$147&nbsp;million expense; 2005&nbsp;&#150;&nbsp;$139&nbsp;million expense). The net earnings in the
corporate segment in 2007, compared to net expense in 2006, were primarily due to the unrealized foreign exchange gains on our U.S.&nbsp;denominated long-term debt as a result of the
stronger Canadian dollar. After-tax unrealized foreign exchange gains on our U.S.&nbsp;denominated long-term debt were $215&nbsp;million in 2007, compared to nil in 2006
(2005&nbsp;&#150;&nbsp;gain of $31&nbsp;million). In addition, the increase in future tax expense as a result of the revaluation of future income taxes was smaller in
2007&nbsp;&#150;&nbsp;an expense of $42&nbsp;million in 2007, compared to an expense of $68&nbsp;million in 2006. These factors were partially offset by an increase in
stock-based compensation expense. Corporate had a net cash deficiency of $659&nbsp;million in 2007, compared with $403&nbsp;million in 2006
(2005&nbsp;&#150;&nbsp;$107&nbsp;million). The additional deficiency in 2007 was primarily due to increases in working capital of $187&nbsp;million. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Breakdown of Net Corporate Earnings (Expense)</B></FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Year&nbsp;ended&nbsp;December&nbsp;31<BR>
($&nbsp;millions)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Corporate earnings (expense)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>31</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(147</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(139</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Group eliminations</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(6</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>28</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(153</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(128</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Consolidated Cash Flow from Operations</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Cash flow from operations was $3.805&nbsp;billion in 2007, compared to $4.533&nbsp;billion in 2006
(2005&nbsp;&#150;&nbsp;$2.476&nbsp;billion). The decrease in cash flow from operations was primarily due to the same factors that impacted net earnings, as well as an increase
in cash income taxes during 2007 compared to&nbsp;2006. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Dividends</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Total dividends paid during 2007 were $0.38 per share, compared with $0.30 per share in 2006 (2005&nbsp;&#150;&nbsp;$0.24 per share).
Suncor's Board of Directors periodically reviews the dividend policy, taking into consideration the company's capital spending profile, financial position, financing requirements, cash flow and other
relevant factors. In the second quarter of 2007, the Board approved an increase in the quarterly dividend to $0.10 per share from $0.08&nbsp;per&nbsp;share. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Quarterly Financial Data</B></FONT></P>

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<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=7 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1><B>2007<BR>
Quarter ended</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=7 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>2006<BR>
Quarter ended</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>($&nbsp;millions except per share)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>Dec&nbsp;31</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>Sept&nbsp;30</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>June&nbsp;30</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>Mar&nbsp;31</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Dec&nbsp;31</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Sept&nbsp;30</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>June&nbsp;30</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Mar&nbsp;31</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=19 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Revenues</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;958</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;666</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;358</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;951</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;787</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;114</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;070</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;858</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net earnings</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>963</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>677</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>641</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>551</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>358</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>682</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;218</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>713</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net earnings attributable to common shareholders per share</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>Basic</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2.08</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.47</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.39</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.20</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.78</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.48</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.65</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.56</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>Diluted</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2.04</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.43</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.36</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1.17</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.76</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.45</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.59</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.52</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=19 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>15</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
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<A NAME="page_de12501_1_16"> </A>

<P style="font-family:;"><FONT SIZE=2>Variations in quarterly net earnings during 2007 and 2006 were due to a number of&nbsp;factors: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Oil sands production and sales volumes decrease during periods of planned and unplanned maintenance.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Changes in benchmark commodity prices throughout 2006 and 2007. WTI averaged US$72.30 per barrel (bbl) in 2007,
compared to US$66.20/bbl in&nbsp;2006.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Cash operating costs varied due to changes in oil sands production levels, the timing and amount of maintenance
activities, and the price and volume of natural gas used for energy in oil sands operations.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Reductions in federal corporate tax rates during the second and fourth quarters of 2007 increased net earnings by
$67&nbsp;million and $360&nbsp;million, respectively, and reductions in both the federal and Alberta corporate tax rates during the second quarter of 2006 increased 2006 net earnings by
$419&nbsp;million.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Insurance proceeds were received in the second and fourth quarters of 2006 of $205&nbsp;million and
$27&nbsp;million after tax, respectively, related to a January&nbsp;2005 fire at our oil sands operations.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Oil sands Crown royalties varied as a result of changes in crude oil commodity prices and the extent and timing of
eligible capital and operating expenditures.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>The continued strengthening of the Canadian dollar through 2007 unfavourably impacted the realized commodity prices on
our products sold in U.S.&nbsp;dollars, reducing the Canadian dollar revenues earned. Changes in the exchange rate also led to unrealized gains on our U.S.&nbsp;dollar denominated
long-term debt in&nbsp;2007.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Refined product prices fluctuated as a result of global and regional supply and demand, as well as seasonal demand
variations. In our downstream operations, seasonal fluctuations have historically reflected higher demand for vehicle fuels and asphalt in summer and heating fuels in winter. Refining and retail
margins strengthened in 2007, compared to 2006 as a result of tighter supply of refined products in both the Ontario and U.S.&nbsp;Rocky Mountain markets. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>LIQUIDITY AND CAPITAL RESOURCES</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Our capital resources consist primarily of cash flow from operations and available lines of credit. Our level of earnings and cash flow from operations depends
on many factors, including commodity prices, production/sales levels, downstream margins, operating expenses, taxes, royalties, and US$/Cdn$ exchange&nbsp;rates. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>At
December&nbsp;31, 2007, our net debt (short and long-term debt less cash and cash equivalents) was $3.248&nbsp;billion, compared to $1.849&nbsp;billion at December&nbsp;31,
2006. The increase in debt levels was primarily a result of increased capital spending to fulfill our growth strategies. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>During
the first quarter of 2007, the company repaid maturing $250&nbsp;million of 6.80% Medium Term Notes using commercial paper borrowings. Also during the first quarter, the company issued 5.39%
Medium Term Notes with a principal amount of $600&nbsp;million under an outstanding $2&nbsp;billion debt shelf prospectus. These notes bear interest, which is paid semi-annually, and
mature on March&nbsp;26, 2037. The net proceeds received were used for general corporate purposes, including reducing short-term borrowings, supporting our ongoing capital spending
program and for working capital requirements. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>During
the second quarter of 2007, the company issued 6.50% Notes with a principal amount of US$750&nbsp;million under an outstanding US$2&nbsp;billion debt shelf prospectus. These notes bear
interest, which is paid semi-annually, and mature on June&nbsp;15, 2038. The net proceeds received were used for general corporate purposes, including reducing short-term
borrowings, supporting our ongoing capital spending program and for working capital requirements. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Also
during the second quarter, the company's $300&nbsp;million bilateral credit facility was amended and extended by one year to 2008 and the credit limit was increased by $30&nbsp;million to
$330&nbsp;million total funds available. A $2&nbsp;billion syndicated credit facility was renegotiated and extended by one year to have a five-year term expiring in June&nbsp;2012
and the company's commercial paper program limit was increased by $300&nbsp;million to $1.5&nbsp;billion from $1.2&nbsp;billion. Additionally, a $15&nbsp;million revolving demand credit
facility was renegotiated and increased by $15&nbsp;million to $30&nbsp;million. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>16</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
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<A NAME="page_de12501_1_17"> </A>

<P style="font-family:;"><FONT SIZE=2>During
the third quarter of 2007, the company repaid $150&nbsp;million of maturing 6.10% Medium Term Notes using commercial paper borrowings. Also during the third quarter, the company issued
additional 6.50% Notes with a principal amount of US$400&nbsp;million under our outstanding US$2&nbsp;billion debt shelf prospectus. These notes bear interest, which is paid
semi-annually, and mature on June&nbsp;15, 2038. The net proceeds received were used for general corporate purposes, including reducing short-term borrowings, supporting our
ongoing capital spending program and for working capital requirements. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Undrawn
lines of credit at December&nbsp;31, 2007 were approximately $1.6&nbsp;billion. Suncor's current long-term senior debt ratings are A-, with a stable trend by Standard&nbsp;&amp;
Poor's; A(low), Under Review&nbsp;&#150;&nbsp;Developing by Dominion Bond Rating Service; and A3, with a stable trend by Moody's Investors Service. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Interest
expense on debt continues to be influenced by the composition of our debt portfolio, and we are benefiting from short-term floating interest rates remaining at low levels. To
manage fixed versus floating rate exposure, we have entered into interest rate swaps with investment grade counterparties. At December&nbsp;31, 2007, we had $200&nbsp;million of
fixed-rate to variable-rate interest swaps (December&nbsp;31, 2006&nbsp;&#150;&nbsp;$600&nbsp;million). </FONT></P>


<P style="font-family:;"><FONT SIZE=2>Management
of debt levels continues to be a priority given our growth plans. We believe a phased approach to existing and future growth projects should assist us in maintaining our ability to manage
project costs and debt&nbsp;levels. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>We
believe we will have the capital resources to fund our 2008 capital spending program of $7.5&nbsp;billion and to meet current working capital requirements. If additional capital is required, we
believe adequate additional financing will be available at commercial terms and rates. Suncor expects similar levels of company-wide capital spending over the next several years. (Actual
spending is subject to change due to such factors as internal and external approvals and capital availability.) </FONT></P>


<P style="font-family:;"><FONT SIZE=2>We
anticipate our growth plan will be financed through cash flow from operations, credit facilities and access to debt capital markets. Refer to the discussion under Risk Factors Affecting Performance
on page&nbsp;21 for&nbsp;additional factors that may have an impact on our ability to generate funds to support investing activities. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Aggregate Contractual Obligations</B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=9 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>Payments Due by Period</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2008</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2009-2010<BR>
(aggregate)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2011-2012<BR>
(aggregate)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Later Years</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Fixed-term debt and commercial paper&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;747</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>522</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>500</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;725</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Interest payments on fixed-term debt and commercial paper&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5&nbsp;022</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>233</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>409</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>397</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;983</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Capital leases</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>324</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>277</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Employee future benefits&nbsp;<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>612</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>43</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>99</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>113</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>357</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Asset retirement obligations&nbsp;<SUP>(3)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;231</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>190</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>269</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>93</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;679</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Non-cancellable capital spending commitments&nbsp;<SUP>(4)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>446</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>446</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Operating lease agreements, pipeline capacity and energy services commitments&nbsp;<SUP>(5)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7&nbsp;310</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>330</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>770</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>792</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5&nbsp;418</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1><B>Total</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19&nbsp;692</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;773</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;565</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;915</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>14&nbsp;439</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=12 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT SIZE=1>In addition to the enforceable and legally binding obligations quantified in the above table, we have other obligations for
goods and services and raw materials entered into in the normal course of business, which may terminate on short notice. Commodity purchase obligations for which an active, highly liquid market
exists, and which are expected to be re-sold shortly after purchase, are one example of excluded&nbsp;items. </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Includes
$3,225&nbsp;million of U.S. and Canadian dollar denominated debt that is redeemable at our option. Maturities range from 2011 to 2038. Interest rates vary from 5.39% to
7.15%. We entered into various interest rate swap transactions maturing in 2011 that resulted in an average effective interest rate in 2007 of 5.7% on $200&nbsp;million of our Medium Term Notes.
Approximately $522&nbsp;million of commercial paper with an effective interest rate of 4.8% was issued and outstanding at December&nbsp;31,&nbsp;2007.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Represents
the undiscounted expected funding by the company to its pension plans as well as benefit payments to retirees for other post-retirement benefits.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(3)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Represents
the undiscounted amount of legal obligations associated with site restoration on the retirement of assets with determinable lives.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(4)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Non-cancellable
capital commitments related to capital projects totalled approximately $446&nbsp;million at the end of 2007. In addition to capital projects, we spend
maintenance capital to sustain our current operations. In 2008, we anticipate spending approximately $1.5&nbsp;billion towards sustaining capital.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(5)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Includes
transportation service agreements for pipeline capacity, including tankage for the shipment of crude oil from Fort McMurray to Hardisty, Alberta, as well as energy services
agreements to obtain a portion of the power and steam generated by a cogeneration facility owned by a major energy company. Non-cancellable operating leases are for service stations,
office space and other property and&nbsp;equipment. </FONT></DD></DL>
<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>17</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=9,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="3",CHK=790373,FOLIO='17',FILE='DISK130:[08ZAD1.08ZAD12501]DE12501A.;69',USER='STOTHA',CD=';1-MAR-2008;17:16' -->
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<P style="font-family:;"><FONT SIZE=2><A
NAME="page_dg12501_1_18"> </A> </FONT> <FONT SIZE=6><B>


<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->


 </B></FONT><FONT SIZE=2>
We are subject to financial and operating covenants related to our public market and bank debt. Failure to meet the terms of one or more of these covenants may constitute an Event of Default as
defined in the respective debt agreements, potentially resulting in accelerated repayment of one or more of the debt obligations. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>In
addition, a very limited number of our commodity purchase agreements, off-balance sheet arrangements (for&nbsp;a discussion of these arrangements see page&nbsp;19)
and&nbsp;derivative financial instrument agreements contain provisions linked to debt ratings that may result in settlement of the outstanding transactions should our debt ratings fall below
investment grade&nbsp;status. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>At
December&nbsp;31, 2007, we were in compliance with all covenants and our debt ratings were investment grade. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Significant Capital Project Update</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>We spent $5.4&nbsp;billion on capital and exploration expenditures in 2007, compared to $3.6&nbsp;billion in 2006
(2005&nbsp;&#150;&nbsp;$3.2&nbsp;billion). A summary of the progress on our significant projects under construction to support both our growth and sustaining needs is provided
below. All projects listed below have received Board of Directors approval. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="87%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=2 VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><BR>
Estimated<BR>
% Complete</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Project</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Plan</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Cost<BR>
Estimate<BR></FONT> <FONT SIZE=1>$&nbsp;millions<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Estimate<BR></FONT> <FONT SIZE=1>%&nbsp;Accuracy</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Spent to<BR>
Date</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Engineering</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Construction</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Target<BR>
Completion<BR>
Date</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Coker unit</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>Expected to increase production capacity by 90,000&nbsp;bpd</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;100</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>+13/-7</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;120</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>100</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>95</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Q2 2008</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Steepbank extraction plant</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>Location and new technologies aimed at improving operational performance</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>850</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>+10/-10</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>320</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>96</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2009</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Naphtha unit</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>Increases sweet product&nbsp;mix</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>650</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>+10/-10</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>345</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>95</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2009</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>North Steepbank mine expansion</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>Expected to generate about 180,000&nbsp;bpd of bitumen</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>400</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>+10/-10</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>60</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>50</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2009</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Firebag sulphur plant<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>Supports emission abatement plan at Firebag; capacity to support Stages&nbsp;1-6</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>340</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>+10/-10</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>80</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>65</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2009</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Voyageur program:</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>Firebag</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>Expansion of Firebag&nbsp;3-6 is expected to increase bitumen supply.</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9&nbsp;000</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>+18/-13</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;440</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><SUP>(3)</SUP></FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>&#150;&nbsp;Stage&nbsp;3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>75</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2009</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>&#150;&nbsp;Stage&nbsp;4<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2010</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>&#150;&nbsp;Stage&nbsp;5<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2011</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>&#150;&nbsp;Stage&nbsp;6<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2011</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Voyageur program:</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>Upgrader&nbsp;3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" style="font-family:;"><FONT SIZE=1>Expected to increase production capacity by 200,000&nbsp;bpd</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11&nbsp;600</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>+12/-8</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;075</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><SUP>(3)</SUP></FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2011 </FONT><FONT SIZE=1><SUP>(4)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Excludes
commissioning and start-up costs.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Pending
regulatory approval.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(3)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Spending
to date includes procurement of major project components. For Firebag Stage&nbsp;3, procurement at year-end 2007 was 70% complete; for Stage&nbsp;4, 45%
complete; and for Stage&nbsp;5, 2% complete. For Upgrader&nbsp;3, procurement was 20% complete.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(4)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Construction
completion targeted in 2011 with ramp-up to full capacity during&nbsp;2012. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>18</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
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<P style="font-family:;"><FONT SIZE=2>The previous table contains forward-looking information and users of this information are cautioned that the actual timing, amount of the final capital
expenditures and expected results for each of these projects may vary from the plans disclosed in the table. The target completion dates and cost estimates are based on information and assumptions
from the procurement, design and engineering phases of the projects. The more preliminary the project, the greater the range of uncertainty that is projected in connection with the&nbsp;project. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>For
a list of the material risk factors that could cause actual timing, amount of the final capital expenditures and expected results to differ materially from those contained in the previous table,
please see pages&nbsp;21 to 26. The forward-looking information in the preceding paragraphs and table should not be taken as an estimate, forecast or prediction of future events or circumstances. </FONT></P>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Guarantees, Variable Interest Entities and Off-Balance Sheet Arrangements</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>At December&nbsp;31, 2007, we had various indemnification agreements with third parties, as described below. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>We
have a multiple-party securitization program in place to sell, on a revolving, fully serviced and limited recourse basis, up to $170&nbsp;million
(2006&nbsp;&#150;&nbsp;$170&nbsp;million) of accounts receivable having a maturity of 45&nbsp;days or less. At December&nbsp;31, 2007, no outstanding accounts receivable
had been sold under the program (2006&nbsp;&#150;&nbsp;$170&nbsp;million). Under the recourse provisions, we indemnify certain counterparties against credit losses, and in
2007 such indemnification did not exceed $42&nbsp;million. A contingent liability has not been recorded for this indemnification as we believe we have no significant exposure to credit losses.
Proceeds received from new securitizations and proceeds from collections reinvested in securitizations on a revolving basis for the year ended December&nbsp;31, 2007, were $170&nbsp;million and
approximately $1,530&nbsp;million, respectively. We recorded an after-tax loss of approximately $4&nbsp;million on the securitization program in 2007
(2006&nbsp;&#150;&nbsp;$2&nbsp;million; 2005&nbsp;&#150;&nbsp;$4&nbsp;million). </FONT></P>

<P style="font-family:;"><FONT SIZE=2>We
have agreed to indemnify holders of our outstanding U.S.&nbsp;dollar denominated debt securities and our credit facility lenders for added costs related to taxes, assessments or other government
charges or conditions, including any required withholding amounts. Similar indemnity terms apply to the receivables securitization program, and certain facility and equipment leases. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>There
is no limit to the maximum amount payable under the indemnification agreements described above. We are unable to determine the maximum potential amount payable as government regulations and
legislation are subject to change without notice. Under these agreements, we have the option to redeem or terminate these contracts if additional costs are&nbsp;incurred. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>In
1999, we entered into an equipment sale and leaseback arrangement with a Variable Interest Entity (VIE) for proceeds of $30&nbsp;million. The VIE's sole asset was the equipment sold to it and
leased back by Suncor. The VIE was consolidated effective January&nbsp;1, 2005. The initial lease term covered a period of seven years, and had been accounted for as an operating lease. The company
repurchased the equipment in 2006 for $21&nbsp;million. At December&nbsp;31, 2007, the VIE did not have any assets or&nbsp;liabilities. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Oil Sands Crown Royalties</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Under the current Province of Alberta generic oil sands royalty regime (the "Generic Regime"), Alberta Crown royalties for oil sands projects are currently
payable at the rate of 25% of the difference between a project's annual gross revenues net of related transportation costs&nbsp;(R), less allowable costs including allowable capital expenditures
(the R-C&nbsp;Royalty), subject to a minimum royalty, currently 1% of&nbsp;R. The Alberta government has classified Suncor's current oil sands operations as two distinct "projects" for
royalty purposes. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Royalties
on our current Firebag in-situ project are under the Generic Regime, and assessed based on bitumen value. In October&nbsp;2007, the government of Alberta announced a new
royalty framework which, if enacted by the government, will increase royalty rates under the Generic Regime to a sliding scale royalty of 25%&nbsp;&#150;&nbsp;40% of
R-C, subject to minimum royalty of 1%&nbsp;&#150;&nbsp;9% of R, depending on oil price. In both cases, the sliding scale royalty would move with increases in WTI
prices from Cdn$55 to the maximum rate at a WTI price of Cdn$120. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Royalties
on our base oil sands mining and associated upgrading operations (the "base operations") are assessed on the R-C calculation as&nbsp;follows: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Continues to be based on upgraded product values until December&nbsp;31, 2008 with the rates at 25%
of&nbsp;R-C, subject to the 1% minimum royalty of&nbsp;R.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Commencing January&nbsp;1, 2009, a bitumen-based royalty will apply from Suncor's 1997 option to transition to the
Generic Regime. The royalty rates will remain the same, but will apply to a revised&nbsp;R-C, where&nbsp;R will be based on bitumen value and C would exclude substantially all
upgrading&nbsp;costs.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Commencing January&nbsp;1, 2010, pursuant to the Suncor Royalty Amending Agreement we entered into with the
government of Alberta in January&nbsp;2008, the new royalty rates in the Generic Regime described above will apply to the bitumen royalty for current production levels, </FONT></DD></DL>
<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>19</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
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<UL>

<P style="font-family:;"><FONT SIZE=2>subject
to a cap of 30% of&nbsp;R-C, and a minimum royalty of up to 1.2% of&nbsp;R (assuming the government enacts their proposed framework). In addition, the Suncor Royalty Amending
Agreement provides Suncor with certainty for various matters, including the bitumen valuation methodology, allowed costs, royalty in-kind and certain taxes, generally until&nbsp;2016. </FONT></P>

</UL>
<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>In 2016 and subsequent years, the royalty rates for all of our oil sands operations (our base operation and our Firebag
in-situ project) will be the rates prescribed under the Generic&nbsp;Regime. </FONT></DD></DL>
<BR>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Anticipated Oil Sands Royalty Expense Based on Certain Assumptions</I></B></FONT></P>


<P style="font-family:;"><FONT SIZE=2>The table below shows the potential royalty payment at various WTI crude prices, for both mining and in-situ operations, as a percentage of gross&nbsp;revenues. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Oil Sands Mining and In-Situ Royalties</B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1><B>WTI Price/bbl US$</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>70</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>80</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>90</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>Natural gas (Alberta spot) Cdn$/mcf at AECO</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.71</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.98</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7.22</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>Light/heavy oil differential of WTI at Cushing less Maya at the U.S.&nbsp;Gulf Coast&nbsp;US$</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>15.89</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18.72</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20.86</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1>US$/Cdn$ exchange rate</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.95</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.00</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.05</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1><B>Crown Royalty Expense (based on percentage of total oil sands revenue)&nbsp;%</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1><B>2008&nbsp;&#150;&nbsp;</B></FONT><FONT SIZE=1>Mining synthetic crude oil, in-situ bitumen (25% and 1%&nbsp;min)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9-10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9-10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10-11</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1><B>2009&nbsp;&#150;&nbsp;</B></FONT><FONT SIZE=1>Bitumen (mining old rates&nbsp;&#150;&nbsp;25% and 1%&nbsp;min; in-situ new rates)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7-8</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8-9</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9-10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="65%" style="font-family:;"><FONT SIZE=1><B>2010 to 2012&nbsp;&#150;&nbsp;</B></FONT><FONT SIZE=1>Bitumen (new rates&nbsp;&#150;&nbsp;cap&nbsp;30% for mining)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8-10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9-11</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9-11</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=2>The foregoing table contains forward-looking information and users of this information are cautioned that actual Crown royalty expense may vary from the
percentages or ranges disclosed in the table. The royalty percentages or ranges disclosed in the table were developed using the following assumptions: current agreements with the government of
Alberta, royalty rates proposed by the government of Alberta, current forecasts of production, capital and operating costs, and the commodity prices and exchange rates described in the table. If WTI
prices rise beyond&nbsp;$90, Suncor anticipates Firebag in-situ royalties may be higher than disclosed in the&nbsp;table. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
following material risk factors could cause actual royalty rates to differ materially from the rates contained in the foregoing table: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>(i)</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Pursuant
to the new royalty framework, the government intends to establish a permanent generic "bitumen valuation methodology" (BVM) for determining the&nbsp;"R" related to bitumen.
The Crown is consulting with stakeholders and independent advisors with a decision on the methodology anticipated by June&nbsp;30, 2008. Final determination of that methodology may have an impact on
royalties payable to the&nbsp;Crown;
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>(ii)</FONT></DT><DD style="font-family:;"><FONT SIZE=2>The
government also announced its intention to assess and recommend improvements in its systems, structures and resources supporting the collection, verification and reporting of
provincial royalties. This assessment is expected to be completed by March&nbsp;31, 2008. Steps taken by the government thereafter may affect the calculation of royalties;&nbsp;and
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>(iii)</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Changes
in crude oil and natural gas pricing, production volumes, foreign exchange rates, and capital and operating costs for each oil sands project; changes to the Generic Regime
by the government of Alberta; changes in other legislation and the occurrence of unexpected events all have the potential to have an impact on royalties payable to the&nbsp;Crown. </FONT></DD></DL>


<P style="font-family:;"><FONT SIZE=2>The
forward-looking information in the preceding paragraphs and table should not be taken as an estimate, forecast or prediction of future events or circumstances. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Natural Gas Crown Royalties</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Royalty rates on natural gas production are currently capped at 30% for gas discovered in 1974 or later and 35% for gas discovered prior to 1974. These rates are
subject to reduction if gas prices drop below $3.70/Gigajoule ($3.89/mcf), a gas well qualifies for a deep gas royalty holiday incentive, or a gas well qualifies as a low productivity well. In
October&nbsp;2007, the government of Alberta announced a new royalty framework which, if enacted by the government, will change royalty rates beginning in 2009. The announced framework is a sliding
scale that is dependent on the production rate, depth of the well, and the market price for natural gas, up to a maximum royalty rate of 50%. If enacted as proposed, the new royalty framework would </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>20</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

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<P style="font-family:;"><FONT SIZE=2>negatively
impact the economics of deep gas wells in the Alberta Foothills which may cause management to reduce drilling activity in this&nbsp;area. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Cash Income Taxes</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>The 2007 federal budget proposes to phase out the accelerated capital cost allowance that was originally intended to offset some of the risk associated with the
large capital investment required to bring oil sands projects to production. The accelerated capital cost allowance will continue to be available for assets acquired before 2012 on major projects
where major construction commenced before March&nbsp;19, 2007. We believe Suncor's Voyageur expansion, targeted for completion in 2012, will fall under the current accelerated capital cost allowance
provisions. If not, the accelerated capital cost allowance will be gradually phased out between 2011 and&nbsp;2015. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Cash
income taxes are sensitive to crude oil and natural gas commodity price volatility and the timing of recognition of capital expenditures for income tax purposes. Based on current forecasts of
production, capital and operating costs, and the commodity prices and exchange rates described in the table "Oil Sands Mining and In-situ Royalties" on page&nbsp;20, we anticipate our
effective income tax rate to be within 2% of the statutory income tax rate for each respective year beyond 2007. Based on the enacted tax rates and assuming that there are no further changes to the
current income tax regime, we estimate we will have cash income taxes of 30-50% of our effective tax rate during 2008 to 2010 inclusive. Thereafter, we do not anticipate any significant
cash income tax until the middle of the next&nbsp;decade. Our outlook on cash income tax is a forward looking statement and users of this information are cautioned that actual cash income taxes may
vary from our&nbsp;outlook. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>RISK FACTORS AFFECTING PERFORMANCE</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Our financial and operational performance is potentially affected by a number of factors including, but not limited to, commodity prices and exchange rates,
environmental regulations, changes to royalty and income tax legislation, credit
market conditions, stakeholder support for growth plans, extreme weather, regional labour issues and other issues discussed within Risk Factors Affecting Performance for each of our business segments.
As a company we identify risks in four principal categories: 1)&nbsp;Operational; 2)&nbsp;Financial; 3)&nbsp;Legal and Regulatory; and 4)&nbsp;Strategic. A more detailed discussion of our risk
factors is presented in our most recent Annual Information Form&nbsp;(AIF)/Form&nbsp;40-F, filed with securities regulatory authorities. We are continually working to mitigate the
impact of potential risks to our stakeholders. This process includes an entity wide-risk review. The internal review is completed annually to ensure all significant risks are identified
and appropriately managed. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Commodity Prices and Exchange Rates</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Our future financial performance remains closely linked to hydrocarbon commodity prices, which may be influenced by many factors including global and regional
supply and demand, seasonality, worldwide political events and weather. These factors, among others, may result in a high degree of price volatility. For example, from 2005 to 2007 the monthly average
price for benchmark WTI crude oil ranged from a low of US$46.85/bbl to a high of US$94.63/bbl. During the same three-year period, the natural gas AECO benchmark monthly average price
ranged from a low of $4.45/mcf to a high of $12.74/mcf. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Crude
oil prices are based on U.S.&nbsp;dollar benchmarks that result in our realized prices being influenced by the US$/Cdn$ currency exchange rate, thereby creating an element of uncertainty.
Should the Canadian dollar strengthen compared to the U.S.&nbsp;dollar, the resulting negative effect on net earnings would be partially offset by foreign exchange gains on our U.S.&nbsp;dollar
denominated debt. The opposite would occur should the Canadian dollar weaken compared to the U.S.&nbsp;dollar. Cash flow from operations is not impacted by the effects of currency fluctuations on
our U.S.&nbsp;dollar denominated&nbsp;debt. </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>21</B></FONT></P>

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<P style='font-family:;page-break-before:always'></p>
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<P style="font-family:;"><FONT SIZE=2><A
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 </B></FONT><FONT COLOR="#5C7DA8" SIZE=2><B>SENSITIVITY ANALYSIS&nbsp;<SUP>(1)</SUP></B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>Approximate Change in</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2007 Average</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Change</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Cash&nbsp;Flow&nbsp;from<BR>
Operations<BR>
($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>After-Tax<BR>
Earnings<BR>
($&nbsp;millions)</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=14 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1><B>Oil Sands</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Price of crude oil ($/barrel)<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>74.01</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>US$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.00</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>69</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>50</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Sweet/sour differential ($/barrel)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10.13</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>US$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.00</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>30</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>22</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Sales (bpd)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>234&nbsp;700</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;000</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=14 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1><B>Natural Gas</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Price of natural gas ($/mcf)<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.32</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Sales (mmcf/d)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>196</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=14 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1><B>Consolidated</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Exchange rate: US$/Cdn$</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.93</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.01</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="44%" style="font-family:;"><FONT SIZE=1>Effect on oil sands operations</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>51</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>36</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="44%" style="font-family:;"><FONT SIZE=1>Effect on U.S. denominated long-term debt</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(15</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=14 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Total exchange rate impact</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>51</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=14 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>The
sensitivity analysis shows the main factors affecting Suncor's annual cash flow from operations and earnings based on actual 2007 operations. The table illustrates the potential
financial impact of these factors applied to Suncor's 2007 results. A change in any one factor could compound or offset other&nbsp;factors.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Includes
the impact of hedging activities. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Derivative Financial Instruments</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Effective January&nbsp;1, 2007, new accounting standards were implemented relating to financial instruments. For a more detailed discussion, see Change in
Accounting Policies on page&nbsp;32. Adoption of these changes did not significantly impact&nbsp;earnings. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>We
periodically enter into derivative contracts such as forwards, futures, swaps, options and costless collars to hedge against the potential adverse impact of changing market prices due to changes in
the underlying indices. We also use physical and financial energy contracts, including swaps, forwards and options, to earn trading and marketing revenues. </FONT></P>


<P style="font-family:;"><FONT SIZE=2>The
estimated fair values of financial instruments have been determined based on the company's assessment of available market information and appropriate valuation methodologies; however, these
estimates may not necessarily be indicative of the amounts that could be realized or settled in a current market transaction. Upon initial recognition, each financial asset and financial liability
instrument is recorded at fair value, adjusted for any transaction costs. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Derivative
contracts, excluding those considered as normal purchases and normal sales, are required to be recorded on the balance sheet at fair value. If the derivative is designated as a fair value
hedge each period, changes in the fair value of the derivative and changes in the fair value of the hedged item attributable to the hedged risk are recognized in net earnings. If the derivative is
designated as a cash flow hedge each period, the effective portions of the changes in fair value of the derivative are initially recorded in other comprehensive income and are recognized in net
earnings when the related hedged item is recognized. Ineffective portions of changes in the fair value of hedging instruments are recognized in net earnings immediately for both fair value and cash
flow&nbsp;hedges. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Commodity Hedging Activities</B></FONT><FONT SIZE=2> To provide an element of stability to future earnings and cash flow, we
have Board of Director approval to fix a price or range of prices for up to approximately 30% of our total planned production of crude oil for specified periods of time. Our crude oil hedging program
is subject to periodic management reviews to determine appropriate hedge requirements in light of our tolerance for exposure to market volatility as well as the need for stable cash flow to finance
future&nbsp;growth. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Settlement
of our hedging contracts result in cash receipts or payments for the difference between the derivative contract and market rates for the applicable volumes hedged during the contract term.
For collars, if market rates are within the range of the hedged contract prices, the option contracts making up the collar will expire with no exchange of cash. Cash received or paid offsets
corresponding decreases or increases in our sales revenues or product purchase costs. For accounting purposes, amounts received or paid on settlement are recorded as part of the related hedged sales
or purchase transactions in the Consolidated Statements of Earnings and Comprehensive Income. In 2007, there was a $3&nbsp;million decrease in net earnings due to the settlement of crude oil hedges,
compared to no impact in 2006 (2005&nbsp;&#150;&nbsp;decrease of $337&nbsp;million). </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>22</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=14,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="3",CHK=93565,FOLIO='22',FILE='DISK130:[08ZAD1.08ZAD12501]DI12501A.;31',USER='STOTHA',CD=';1-MAR-2008;17:22' -->
<A NAME="page_di12501_1_23"> </A>

<P style="font-family:;"><FONT SIZE=2>Crude
oil hedge contracts outstanding at December&nbsp;31, 2007 were as follows: </FONT></P>

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<TR VALIGN="TOP">
<TD WIDTH="44%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Quantity<BR>
(bpd)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Average Price<BR>
(US$/bbl)&nbsp;<SUP>(a)</SUP></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Revenue Hedged<BR>
(Cdn$&nbsp;millions)&nbsp;<SUP>(b)</SUP></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Hedge<BR>
Period&nbsp;<SUP>(c)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="44%" style="font-family:;"><FONT SIZE=1>Costless collars</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10&nbsp;000</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>59.85&nbsp;-&nbsp;101.06</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>216&nbsp;-&nbsp;365</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2008</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Average
price of crude oil costless collars is WTI per barrel at Cushing, Oklahoma.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(b)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>The
revenue hedged is translated to Cdn$ at the year-end exchange rate and is subject to change as the US$/Cdn$ exchange rate fluctuates during the hedge&nbsp;period.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(c)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Original
hedge term is for the full year. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=2>In addition to our strategic crude oil hedging program, the company also uses derivative contracts to hedge risks related to sales of natural gas and refined
products, and to hedge risks specific to individual transactions. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Financial Hedging Activities</B></FONT><FONT SIZE=2> We periodically enter into interest rate swap contracts as part of our
strategy to manage exposure to interest rates. The interest rate swap contracts involve an exchange of floating rate and fixed rate interest payments between ourselves and investment grade
counterparties. The differentials on the exchange of periodic interest payments are recognized as an adjustment to interest expense. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
swap transactions result in an average effective interest rate that is different from the stated interest rate of the related underlying long-term debt instruments. We had the
following interest rate swap transactions during&nbsp;2007. </FONT></P>

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<TR VALIGN="TOP">
<TD WIDTH="39%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Description of Swap Transaction</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Principal Swapped<BR>
($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Swap Maturity</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2007 Effective Interest Rate</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006 Effective Interest Rate</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="39%" style="font-family:;"><FONT SIZE=1>Swap of 6.70% Medium Term Notes to floating rates</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>200</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2011</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.7%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.2%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="39%" style="font-family:;"><FONT SIZE=1>Swap of 6.80% Medium Term Notes to floating rates</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>250</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2007</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.0%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6.0%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="39%" style="font-family:;"><FONT SIZE=1>Swap of 6.10% Medium Term Notes to floating rates</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>150</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2007</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4.7%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.3%</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=2>In 2007, these interest rate swap transactions reduced pretax financing expense by $4&nbsp;million, compared to a reduction of $6&nbsp;million in 2006
(2005&nbsp;&#150;&nbsp;$14&nbsp;million reduction). </FONT></P>

<P style="font-family:;"><FONT SIZE=2>In
addition to our interest rate swap contracts, the company also manages variability in market interest rates and foreign exchange rates during periods of debt issuance through the use of interest
rate swaps and foreign exchange forward contracts. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
net pretax loss associated with hedge ineffectiveness in 2007 was $1&nbsp;million. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Fair Value of Hedging Derivative Financial Instruments</B></FONT><FONT SIZE=2> The fair value of hedging derivative
financial instruments is the estimated amount, based on broker quotes and/or internal valuation models, that we would receive (pay) to terminate the contracts. Such amounts, which also represent the
unrealized gain (loss) on the contracts, were as follows at December&nbsp;31: </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>Revenue hedge swaps and collars</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(11</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>22</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>Fixed to floating interest rate swaps</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>Specific hedges of individual transactions</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>12</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(4</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>Fair value of outstanding hedging derivative financial instruments</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>9</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>34</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Energy Marketing and Trading Activities</B></FONT><FONT SIZE=2> In addition to derivative contracts used for
hedging activities, the company uses physical and financial energy derivatives to earn trading and marketing revenues. These trading activities are accounted for using the
mark-to-market method, with the results reported as revenue and as energy marketing and trading expenses in the Consolidated Statements of Earnings and Comprehensive Income. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
net pretax earnings (loss) for the years ended December&nbsp;31 were as follows: </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>Net Pretax Earnings (Loss)<BR>
($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>Physical energy contracts trading activity</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>21</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>41</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>Financial energy contracts trading activity</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>General and administrative costs</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(4</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>14</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>35</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>23</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=15,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="3",CHK=1031795,FOLIO='23',FILE='DISK130:[08ZAD1.08ZAD12501]DI12501A.;31',USER='STOTHA',CD=';1-MAR-2008;17:22' -->
<A NAME="page_di12501_1_24"> </A>

<P style="font-family:;"><FONT SIZE=2>The fair value of unsettled energy marketing and trading instruments is the estimated amount, based on broker quotes and/or internal valuation models, that we
would receive (pay) to terminate the contracts. Such amounts, which also represent the unrealized gain (loss) on the contracts, were as follows at December&nbsp;31: </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
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<TD WIDTH="80%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>Energy trading assets</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>18</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>Energy trading liabilities</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>21</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>Net energy trading assets (liabilities)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=2>The change in fair value of energy marketing and trading net assets during 2007 was as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="88%" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="88%" style="font-family:;"><FONT SIZE=1>Fair value of contracts at December&nbsp;31, 2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="88%" style="font-family:;"><FONT SIZE=1>Fair value of contracts realized during 2007</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>29</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="88%" style="font-family:;"><FONT SIZE=1>Fair value of contracts entered into during the&nbsp;year</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(56</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="88%" style="font-family:;"><FONT SIZE=1>Changes in values attributable to market price and other market changes</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>21</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="88%" style="font-family:;"><FONT SIZE=1>Fair value of contracts outstanding at December&nbsp;31, 2007</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(3</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Counterparty Credit Risk</B></FONT><FONT SIZE=2> We may be exposed to certain losses in the event that the
counterparties to derivative financial instruments are unable to meet the terms of the contracts. Our exposure is limited to those counterparties holding derivative contracts with positive fair values
at the reporting date. We minimize this risk by entering into agreements primarily with investment grade counterparties. Risk is also minimized through regular management review of the potential
exposure to and credit ratings of such counterparties. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>At
December&nbsp;31, the company had exposure to credit risk with counterparties as&nbsp;follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="80%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>Derivative contracts not accounted for as&nbsp;hedges</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>18</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>Derivative contracts accounted for as&nbsp;hedges</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>20</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>35</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="80%" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>38</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>51</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Environmental Regulation and Risk</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Environmental regulation affects nearly all aspects of our operations. These regulatory regimes are laws of general application that apply to us in the same
manner as they apply to other companies and enterprises in the energy industry. The regulatory regimes require us to obtain operating licenses and permits in order to operate, and impose certain
standards and controls on activities relating to mining, oil and gas exploration, development and production, and the refining, distribution and marketing of petroleum products and petrochemicals.
Environmental assessments and regulatory approvals are required before initiating most new projects or undertaking significant changes to existing operations. We were issued a new 10-year
operating approval in connection with our oil sands base operations in August&nbsp;2007. In addition to these specific, known requirements, we expect future changes to environmental legislation,
including anticipated legislation for air pollution (Criteria Air Contaminants (CACs) and Greenhouse Gases (GHGs)), will impose further requirements on companies operating in the energy industry. </FONT></P>


<P style="font-family:;"><FONT SIZE=2>Some
of the issues that are, or may in future be, subject to environmental regulation include: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>the possible cumulative impacts of oil sands development in the province;
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>manufacture, import, storage, treatment and disposal of hazardous or industrial waste and substances;
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>the need to reduce or stabilize various emissions to air and withdrawals of, and discharges to,&nbsp;water;
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>issues relating to global climate change, land reclamation and restoration;
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>water use and water disposal;
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>reformulated gasoline to support lower vehicle emissions; and
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>U.S. implementation of regulation or policy to limit its purchases of oil to oil produced from conventional sources. </FONT></DD></DL>


<P style="font-family:;"><FONT SIZE=2>Changes
in environmental regulation could have a potentially adverse effect on our financial results from the standpoint of product demand, product reformulation and quality, methods of production and
distribution and costs. For example, requirements for cleaner-burning fuels could cause additional costs to be incurred, which may or may not be recoverable in the marketplace. The complexity and
breadth of these issues make it extremely difficult to predict their future impact on us. Management anticipates capital expenditures and operating expenses could increase in the future as a result of
the implementation of new and </FONT></P>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>24</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

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<P style="font-family:;"><FONT SIZE=2>increasingly
stringent environmental regulations. Compliance with environmental regulation can require significant expenditures and failure to comply with environmental regulation may result in the
imposition of fines and penalties, liability for clean up costs and damages and the loss of important permits and&nbsp;licenses. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>On
March&nbsp;8, 2007, the Alberta government introduced the Climate Change and Emissions Management Amendment Act, which places intensity (emissions per unit of production) limits on facilities
emitting more than 100,000&nbsp;tonnes of carbon dioxide equivalent per year. Suncor's oil sands operations are subject to this legislation. The act calls for intensity reductions of 12% commencing
July&nbsp;1,&nbsp;2007. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>In
compliance with this new legislation, Suncor filed applications in December&nbsp;2007 to establish baseline intensities for our oil sands facility. In March&nbsp;2008, Suncor must file
compliance reports that show what actions the company took during the year to offset intensities. Mitigation options available to Suncor include internal emission reductions, utilizing offset projects
or contributing to a government climate change emission management&nbsp;fund. </FONT></P>


<P style="font-family:;"><FONT SIZE=2>For
the compliance period of July&nbsp;1, 2007 to December&nbsp;31, 2007, the compliance costs to Suncor are estimated at between $3&nbsp;million and $5&nbsp;million. Final costs will be
determined with the company's March 2008 compliance report filing to the&nbsp;province. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
Ontario provincial and Colorado state governments are also in various stages of developing greenhouse gas management legislation and regulation. At this time, no such legislation has been tabled
in any of these jurisdictions and any potential impacts are&nbsp;unknown. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>In
April&nbsp;2007, the Canadian federal government introduced the Clean Air regulatory framework, which is expected to regulate both greenhouse gas emissions and air pollutants from industrial
emitters. Suncor has been engaging in the ongoing consultations on this framework. In support of developing regulation, the federal government has required the submission of production, operations and
emissions information for each of Suncor's operations by May&nbsp;31, 2008. The financial impact of this proposed legislation will be dependent on the details of Clean Air Act regulations. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>There
remains uncertainty around the outcome and impacts of climate change and other environmental regulations. We continue to actively work to mitigate our environmental impact, including taking
action to reduce greenhouse gas emissions, investing in renewable and alternate forms of energy such as wind power and biofuels, accelerating land reclamation, the installation of new emission
abatement equipment and pursuing other opportunities such as carbon capture and sequestration. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Regulatory Requirements at Oil Sands</B></FONT><FONT SIZE=2> Suncor is working to decrease emissions at our oil sands
operations. At our in-situ operation, high emissions resulted in intervention by both Alberta Environment and the Alberta Energy and Utilities Board. Until regulators can be assured
emissions are stable at compliant levels, production at the in-situ operation has been capped at approximately 42,000&nbsp;barrels of bitumen per day. As a result, commissioning of units
to increase the bitumen production capacity of Firebag Stages&nbsp;1 and&nbsp;2 by about 35% have been delayed. Suncor's production outlook for 2008 reflects this constraint. Suncor's planned
$340&nbsp;million Firebag sulphur plant is expected to play a role in managing sulphur emissions for existing and planned in-situ developments. </FONT></P>


<P style="font-family:;"><FONT SIZE=2>At
Suncor's base plant we are taking steps to comply with an environmental protection order issued by Alberta Environment. The order relates to emissions at Suncor's oil sands plant that have exceeded
air quality standards and which are resulting in increased odours from the operation. To correct the problem, Suncor is upgrading its emission control equipment and reducing discharges to the tailings
ponds. The company has also introduced processing changes and is undertaking a more comprehensive air monitoring program. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Any
additional regulatory requirements placed on us due to these, or other, matters could have a material effect on our business and results of&nbsp;operations. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Tailings Management</B></FONT><FONT SIZE=2> Another area of risk for Suncor is the reclamation of tailings ponds, which
contain water, clay and residual bitumen produced through the extraction process. To reclaim tailings ponds, we are using a process referred to as consolidated tailings (CT) technology. At this time,
no ponds have been fully reclaimed using this technology. The success of the CT technology and time to reclaim the tailings ponds could increase or decrease our current asset retirement cost
estimates. We continue to monitor and assess other possible technologies and/or modifications to the CT process now being&nbsp;used. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>For
the Millennium, Steepbank, and North Steepbank Extension mines, we have posted irrevocable letters of credit equal to approximately $227&nbsp;million with Alberta Environment, representing
security for the maximum reclamation liability in the period April&nbsp;1, 2007 through March&nbsp;31, 2008. For Suncor's oil sands mining leases&nbsp;86 and 17, we are required to and have
posted annually with Alberta Environment an irrevocable letter of credit equal to $0.03 per bbl of crude oil produced as security for the estimated cost of our reclamation activity. This letter of </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>25</B></FONT></P>

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<P style="font-family:;"><FONT SIZE=2>credit
equalled $14&nbsp;million at December&nbsp;31, 2007 (2006&nbsp;&#150;&nbsp;$14&nbsp;million). For more information about our reclamation and environmental
remediation obligations, refer to Asset Retirement Obligations in the Critical Accounting Estimates section on page&nbsp;30. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>A
new Mine Liability Management Program (MLMP) is under review by the Province of Alberta. The MLMP would involve increased reporting of progressive reclamation, measurement of MLMP assets against
MLMP liabilities and measurement of reserve life. Partial security could be required if reclamation targets are not met and full security may eventually be&nbsp;required. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Regulatory Approvals</B></FONT><FONT SIZE=2> Before proceeding with most major projects, we must obtain regulatory
approvals. The regulatory approval process involves stakeholder consultation, environmental impact assessments and public hearings, among other factors. Failure to obtain regulatory approvals, or
failure to obtain them on a timely basis, could result in delays, abandonment, or restructuring of projects and increased costs, all of which could negatively impact future earnings and
cash&nbsp;flow. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>CRITICAL ACCOUNTING ESTIMATES</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Critical accounting estimates are defined as estimates that are important to the portrayal of our financial position and operations, and require management to
make judgments based on underlying assumptions about future events and their effects. These underlying assumptions are based on historical experience and other factors that management believes to be
reasonable under the circumstances, and are subject to change as new events occur, as more industry experience is acquired, as additional information is obtained and as our operating environment
changes. Critical accounting estimates are reviewed annually by the Audit Committee of the Board of Directors. The following are the critical accounting estimates used in the preparation of our
consolidated financial statements. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Reserves Estimates</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>As a Canadian issuer, we are subject to the reporting requirements of Canadian securities regulatory authorities, including the reporting of our reserves in
accordance with National Instrument&nbsp;51-101 </FONT><FONT SIZE=2><I>Standards of Disclosure for Oil and Gas Activities</I></FONT><FONT SIZE=2> ("NI&nbsp;51-101").
However, we have received an exemption from Canadian securities administrators permitting us to report our reserves in accordance with U.S.&nbsp;disclosure requirements. Pursuant to
U.S.&nbsp;disclosure requirements, we disclose net proved conventional oil and gas reserves, including natural gas reserves and bitumen reserves from our Firebag in-situ leases, using
constant dollar cost and pricing assumptions. As
there is no recognized posted bitumen price, these assumptions are based on a posted benchmark oil price, adjusted for transportation, gravity and other factors that create the difference
("differential") in price between the posted benchmark price and Suncor's bitumen. Both the posted benchmark price and the differential are generally determined as of a point in time, namely
December&nbsp;31 ("Constant Cost and Pricing"). Reserves from our Firebag in-situ leases are reported as barrels of bitumen, using these Constant Cost and Pricing assumptions (see
Required U.S.&nbsp;Oil and Gas and Mining Disclosure&nbsp;&#150;&nbsp;Proved Conventional Oil and Gas Reserves for net proved conventional oil and gas&nbsp;reserves). </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Pursuant
to U.S.&nbsp;disclosure requirements, we also disclose gross and net proved and probable mining reserves. The estimates of our gross and net mining reserves are based in part on the current
mine plan and estimates of extraction recovery and upgrading yields. We report mining reserves as barrels of synthetic crude oil based on a net coker, or synthetic crude oil, yield from bitumen of
78.5% for proven reserves, and 80% for proved plus probable reserves. The lower yield rate applied to proven reserves reflects historical operational levels. The 80% proved plus probable reserves
yield rate reflects anticipated yield levels once operational performance issues have been&nbsp;addressed. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>During
2005, we reached an agreement with the Government of Alberta finalizing the terms of our option to transition to the generic bitumen-based royalty regime commencing in 2009, allowing us to
prepare an estimate of our net mining reserves. The estimate of our net mining reserves reflects the value of Alberta Crown, overriding, and freehold royalty burdens under constant December&nbsp;31
pricing and our exercise of the option electing to transfer to a bitumen-based Crown royalty effective at the beginning of 2009 (See Required U.S.&nbsp;Oil and Gas and Mining
Disclosure&nbsp;&#150;&nbsp;Proved and Probable Oil Sands Mining Reserves for both gross and net, proved and probable mining reserves). Our Firebag in-situ leases
are subject to Crown royalty based on bitumen, rather than synthetic, crude oil. As there is currently no legislated methodology for determining bitumen value for Alberta Crown royalty purposes,
bitumen value for determining royalties has been assumed to correspond to Firebag bitumen sales to our upgrader. However, determination of bitumen value for royalty purposes is currently under review
by the Government of Alberta. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>In
October&nbsp;2007, the Government of Alberta proposed changes to the royalty regime. In January&nbsp;2008, Suncor entered into a Royalty Amending Agreement to transition to the new royalty
framework assuming the government enacts their proposed changes. Neither the government's proposed changes nor our Royalty Amending Agreement have been reflected in the following reserve estimates.
For a full discussion of our Crown royalties, see Oil Sands Crown Royalties and Natural Gas Crown Royalties on pages&nbsp;19 and&nbsp;20. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>26</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

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 </B></FONT><FONT SIZE=2>
In addition to reporting our reserves in accordance with U.S.&nbsp;disclosure requirements, the exemption issued by Canadian securities regulatory authorities permits us to provide voluntary
additional disclosure. We provide this additional voluntary disclosure to show aggregate proved and probable oil sands reserves, including both mining reserves and Firebag reserves. In our voluntary
disclosure we report our aggregate reserves on the following basis: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Gross and net proved and probable mining reserves are consistent with required US mining disclosures, however the
voluntary disclosure reflects normalized constant dollar cost and pricing assumptions. These assumptions use a posted benchmark oil price as at December&nbsp;31, but apply a differential generally
intended to represent a normalized annual average for the year ("Annual Average Differential Pricing"), rather than a point in time differential, in accordance with CSA Staff Notice 51-315
(reported as barrels of synthetic crude oil based upon a net coker, or synthetic crude oil, yield from bitumen of 78.5% for proved reserves and 80% for proved plus probable reserves);&nbsp;and
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Gross and net proved and probable bitumen reserves from Firebag in-situ leases, evaluated based on Annual
Average Differential Pricing. Bitumen reserves estimated on this basis are subsequently converted, for aggregation purposes only, to barrels of synthetic crude oil based on a net coker, or synthetic
crude oil, yield from bitumen of 80% for proved and proved plus probable reserves. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=2>Accordingly,
our voluntary disclosures of reserves from our Firebag in-situ leases will differ from our required U.S.&nbsp;disclosure in four ways. Reserves from our Firebag
in-situ leases under our voluntary disclosure: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=2>are
disclosed on a gross basis as well as the required net basis under U.S.&nbsp;disclosure requirements;
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD style="font-family:;"><FONT SIZE=2>are
converted from barrels of bitumen under U.S.&nbsp;disclosure requirements to barrels of synthetic crude oil for aggregation purposes;
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>(c)</FONT></DT><DD style="font-family:;"><FONT SIZE=2>include
proved plus probable reserves, rather than proved reserves only under U.S.&nbsp;disclosure requirements;&nbsp;and
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>(d)</FONT></DT><DD style="font-family:;"><FONT SIZE=2>are
evaluated based on 2007 Annual Average Differential Pricing assumptions, in accordance with CSA Staff Notice 51-315, versus Constant Cost and Pricing assumptions
pursuant to U.S.&nbsp;disclosure requirements. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=2>Comparisons
of reserve estimates under Required U.S.&nbsp;Oil and Gas Mining Disclosure and Voluntary Oil Sands Reserve Disclosure may show material differences based on the pricing assumptions
used, whether the reserves are reported as barrels of bitumen or barrels of synthetic crude oil, whether probable reserves are included, and whether the reserves are reported on a gross or net basis.
These differences were significant for 2005 and 2007 reporting given the considerably lower constant price assumptions. At December&nbsp;31, 2006, there was no difference arising from pricing. Refer
to Voluntary Oil Sands Reserves and Resources Disclosure&nbsp;&#150;&nbsp;Estimated Gross and Net Proved and Probable Oil Sands Reserves Reconciliations. </FONT></P>


<P style="font-family:;"><FONT SIZE=2>In
addition to our required and voluntary reserves disclosures, we have also elected to disclose our best estimate remaining recoverable resources for both mining and in-situ at
December&nbsp;31, 2007. These disclosures follow the requirements in NI&nbsp;51-101. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>All
of our reserves and resources have been evaluated as at December&nbsp;31, 2007, by independent petroleum consultants, GLJ Petroleum Consultants&nbsp;Ltd. (GLJ). In reports dated
February&nbsp;19, 2008, for oil sands mining, and February&nbsp;11, 2008, for oil sands in-situ (collectively referred to herein as "GLJ Oil Sands Reports"), GLJ evaluated our
resources and our proved and probable reserves on our oil sands mining and Firebag in-situ leases pursuant to U.S.&nbsp;disclosure requirements using Constant Cost and Pricing
assumptions. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Estimates
in the GLJ Oil Sands Reports consider recovery from leases for which regulatory applications have been submitted and no impediment to the receipt of regulatory approval is expected. The
mining reserve estimates are based on a detailed geological assessment and also consider industry practice, drill density, production capacity, extraction recoveries, upgrading yields, mine plans,
operating life, project implementation commitments and regulatory constraints. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>For
Firebag in-situ reserve estimates, GLJ considered similar factors such as our regulatory approval or likely impediments to the receipt of pending regulatory approval, project
implementation commitments, detailed design estimates, detailed reservoir studies, demonstrated commercial success of analogous commercial projects and drill density. Our proved reserves are
delineated to within 80-acre spacing with 3D seismic control (or&nbsp;40-acre spacing without 3D seismic control) while our probable reserves are delineated to within
160-acre spacing without 3D seismic control. The major facility expenditures to develop our proved undeveloped reserves have been approved by our Board. Plans to develop our probable
undeveloped reserves in subsequent phases are under way but have not yet received final approval from our&nbsp;Board. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>In
a report dated January&nbsp;10, 2008 ("GLJ&nbsp;NG Report"), GLJ also evaluated our proved reserves of natural gas, natural gas liquids and crude oil (other than reserves from our </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>27</B></FONT></P>

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<P style="font-family:;"><FONT SIZE=2>mining
leases and the Firebag in-situ reserves) as at December&nbsp;31,&nbsp;2007. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Our
reserves estimates will continue to be impacted by both drilling data and operating experience, as well as technological developments and economic considerations. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Net
reserves represent Suncor's undivided percentage interest in total reserves after deducting Crown royalties, freehold and overriding royalty interests. Reserve estimates are based on assumptions
about future prices, production levels, operating costs, capital expenditures, and the current government of Alberta royalty regime. These assumptions reflect market and regulatory conditions, as
required, at December&nbsp;31, 2007, which could differ significantly from other points in time throughout the year, or future periods. Changes in market and regulatory conditions and assumptions
can materially impact the estimation of net&nbsp;reserves. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Required U.S.&nbsp;Oil and Gas and Mining Disclosure</B></FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Proved and Probable Oil Sands Mining Reserves</I></B></FONT></P>

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<TR VALIGN="TOP">
<TD WIDTH="32%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>Proved</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>Probable</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>Proved&nbsp;&amp; Probable</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="32%" style="font-family:;"><FONT SIZE=1>Millions of barrels of synthetic crude oil&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Gross&nbsp;<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Net&nbsp;<SUP>(3)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Gross&nbsp;<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Net&nbsp;<SUP>(3)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Gross&nbsp;<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>Net&nbsp;<SUP>(3)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=15 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="32%" style="font-family:;"><FONT SIZE=1>December&nbsp;31, 2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;709</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;507</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>634</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>564</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;343</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;071</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="32%" style="font-family:;"><FONT SIZE=1>Revisions of previous estimates</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>103</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>106</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>149</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>105</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>252</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="32%" style="font-family:;"><FONT SIZE=1>Extensions and discoveries</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="32%" style="font-family:;"><FONT SIZE=1>Production</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(74</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(66</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(74</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(66</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=15 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="32%" style="font-family:;"><FONT SIZE=1><B>December&nbsp;31, 2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;634</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;544</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>740</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>713</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;374</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;257</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=15 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Synthetic
crude oil reserves are based upon a net coker, or synthetic crude oil, yield from bitumen of 78.5% for proved reserves, and 80% for proved plus probable reserves. The lower
yield rate applied to proved reserves reflects historical operational levels that have fallen below management expectations. The 80% proved plus probable reserves yield rate reflects a return to
management's target levels once operational performance issues have been&nbsp;addressed.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Our
gross mining reserves are based in part on our current mine plan and estimates of extraction recovery and upgrading yields, rather than an analysis based on constant dollar or
forecast pricing and cost assumptions.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(3)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Net
mining reserves reflect the value of Crown, freehold and overriding royalty burdens under constant December&nbsp;31 pricing and incorporates our exercised option to elect to
transfer to a bitumen-based Crown royalty effective at the beginning of 2009. Neither the current proposed Alberta royalty regime changes nor our Royalty Amending Agreement have been incorporated. If
enacted, at current oil prices we expect our future royalty payments to increase and our net reserves to decrease. Refer to the Alberta Crown Royalties risk, as outlined in the Risk Factors section of
our&nbsp;AIF. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Proved Conventional Oil and Gas Reserves</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>The following data is provided on a net basis in accordance with the provisions of the Financial Accounting Standards Board's Statement No.&nbsp;69. This statement requires
disclosure about conventional oil and gas activities only, and therefore our oil sands mining activities are excluded, while in-situ Firebag reserves are&nbsp;included. </FONT></P>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Net Proved Reserves&nbsp;</B></FONT><FONT SIZE=2><SUP>(1)</SUP> </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Crude Oil, Natural Gas Liquids and Natural Gas</I></B></FONT></P>

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<TD WIDTH="35%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Constant cost and pricing as at December&nbsp;31</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Oil sands business: Firebag&nbsp;&#150;&nbsp;crude oil (millions of barrels of bitumen)&nbsp;<SUP>(2)</SUP>&nbsp;<SUP>(3)</SUP></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Natural gas business: crude oil and natural gas liquids (millions of&nbsp;barrels)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Total (millions of&nbsp;barrels)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Natural gas business: natural gas (billions of cubic&nbsp;feet)</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>December&nbsp;31, 2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>903</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>910</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>426</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Revisions on previous estimates&nbsp;<SUP>(4)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>68</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>68</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Improved recovery<SUP>(5)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>99</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>99</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Purchases of minerals in place</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Extensions and discoveries</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>33</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Production</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(13</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(14</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(53</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1>Sales of minerals in place</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="35%" style="font-family:;"><FONT SIZE=1><B>December&nbsp;31, 2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;057</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;063</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>428</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Our
undivided percentage interest in reserves, after deducting Crown royalties, freehold royalties and overriding royalty interests. Our Firebag leases are only subject to Crown
royalties.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Although
we are subject to Canadian disclosure rules in connection with the reporting of our reserves, we have received exemptive relief from Canadian securities administrators
permitting us to report our proved reserves in accordance with U.S.&nbsp;disclosure practices. See Reliance on Exemptive Relief in our&nbsp;AIF.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(3)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>We
have the option of selling the bitumen production from these leases or upgrading the bitumen to synthetic crude oil.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(4)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Natural
gas infill drilling included in total revisions for 2007 was 16&nbsp;billion cubic feet (bcf), (2006&nbsp;&#150;&nbsp;11&nbsp;bcf;
2005&nbsp;&#150;&nbsp;23&nbsp;bcf).
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(5)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Improved
recovery recognizes a portion of our Firebag Stage&nbsp;3 expansion project. </FONT></DD></DL>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>28</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=20,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="3",CHK=130056,FOLIO='28',FILE='DISK130:[08ZAD1.08ZAD12501]DK12501A.;41',USER='SMAH',CD=';3-MAR-2008;19:16' -->
<A NAME="page_dk12501_1_29"> </A>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Voluntary Oil Sands Reserves Disclosure</B></FONT></P>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Oil Sands Mining and Firebag<BR>
In-Situ Reserves Reconciliation</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>The following tables set out, on a gross and net basis, a reconciliation of our proved and probable reserves of synthetic crude oil from our oil sands mining leases and bitumen,
converted to synthetic crude oil for comparison purposes only, from our in-situ Firebag leases, from December&nbsp;31, 2006, to December&nbsp;31, 2007, based on the GLJ Oil Sands
Reports. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Estimated Gross Proved and Probable Oil Sands Reserves Reconciliation</B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="28%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Oil Sands Mining Leases&nbsp;<SUP>(1),</SUP>&nbsp;<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Firebag In-Situ Leases&nbsp;<SUP>(1),</SUP>&nbsp;<SUP>(3)</SUP></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Total Mining<BR>
and In-Situ&nbsp;<SUP>(3)</SUP></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="28%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Millions of barrels of synthetic crude oil&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Proved</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Probable</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Proved&nbsp;&amp;<BR>
Probable</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Proved</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Probable</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Proved&nbsp;&amp;<BR>
Probable</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Proved&nbsp;&amp;<BR>
Probable</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>December&nbsp;31, 2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;709</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>634</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;343</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>803</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;907</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;710</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5&nbsp;053</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Revisions of previous estimates</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>106</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>105</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(17</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(5</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(22</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>83</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Improved recovery</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>80</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(66</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>14</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>14</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Extensions and discoveries</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Production</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(74</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(74</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(11</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(11</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(85</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1><B>December&nbsp;31, 2007</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;634</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>740</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;374</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>855</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;836</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;691</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5&nbsp;065</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Estimated Net Proved and Probable Oil Sands Reserves Reconciliation</B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="28%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Oil Sands Mining Leases&nbsp;<SUP>(1),</SUP>&nbsp;<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Firebag In-Situ Leases&nbsp;<SUP>(1),</SUP>&nbsp;<SUP>(3)</SUP></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Total Mining<BR>
and In-Situ&nbsp;<SUP>(3)</SUP></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="28%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Millions of barrels of synthetic crude oil&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Proved</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Probable</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Proved&nbsp;&amp;<BR>
Probable</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Proved</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Probable</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Proved&nbsp;&amp;<BR>
Probable</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>Proved&nbsp;&amp;<BR>
Probable</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>December&nbsp;31, 2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;507</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>564</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;071</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>722</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;639</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;361</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;432</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Revisions of previous estimates</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>108</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>119</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(15</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(7</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(22</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>97</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Improved recovery</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>72</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(60</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Extensions and discoveries</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1>Production</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(66</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(66</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(11</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#150;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(11</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(77</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="28%" style="font-family:;"><FONT SIZE=1><B>December&nbsp;31, 2007</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;452</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>672</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;124</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>768</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;572</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;340</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;464</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Synthetic
crude oil reserves are based upon a net coker, or synthetic crude oil, yield from bitumen of 78.5% for proven reserves, and 80% for proved plus probable reserves under oil
sands mining leases and 80% for both proved reserves and proved plus probable reserves for Firebag in-situ leases. Virtually all of our bitumen from the oil sands mining leases is upgraded
into synthetic crude oil. However, we have the option of selling the bitumen produced from our Firebag in-situ leases directly to the market where strategic opportunities exist.
Accordingly, these bitumen reserves are converted to synthetic crude oil for aggregation purposes.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Our
gross mining reserves are evaluated in part, based on the current mine plan and estimates of extraction recovery and upgrading yields, rather than an analysis based on constant
dollar or forecast pricing assumptions. Net mining reserves reflect the relative value of Crown, freehold and overriding royalty burdens based on 2007 Annual Average Differential Pricing assumptions
in accordance with CSA Staff Notice&nbsp;51-315 and reflects our exercised option to elect to transfer to a bitumen-based Crown royalty effective at the beginning of 2009. Neither the current
proposed Alberta royalty regime changes, nor our Royalty Amending Agreement have been incorporated.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(3)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Under
Required U.S.&nbsp;Oil and Gas and Mining Disclosure, we reported proved reserves from our Firebag in-situ leases. The disclosure in the table above reports proved
reserves from these leases and differs in the following four ways. Reserves from our Firebag in-situ leases under our voluntary disclosure: </FONT>
<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(a)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>are
disclosed on a gross basis as well as the required net basis under U.S.&nbsp;disclosure requirements; </FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(b)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>are
converted from barrels of bitumen to barrels of synthetic crude oil in this table for aggregation purposes&nbsp;only; </FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(c)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>include
proved plus probable reserves, rather than proved reserves only under U.S.&nbsp;disclosure requirements. U.S.&nbsp;companies do not disclose probable reserves for
non-mining properties. We voluntarily disclose our probable reserves for Firebag in-situ leases as we believe this information is useful to investors, and allows us to
aggregate our mining and our in-situ reserves into a consolidated total for our oil sands business. As a result, our Firebag in-situ estimates in the above tables are not
comparable to those made by U.S.&nbsp;companies. </FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(d)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>are
evaluated based on 2007 Annual Average Differential Pricing assumptions, in accordance with CSA Staff Notice 51-315, versus Constant Cost and Pricing assumptions
pursuant to U.S.&nbsp;disclosure requirements. </FONT></DD></DL>
</DD></DL>
<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>29</B></FONT></P>

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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Remaining Recoverable
Resources&nbsp;</B></FONT><FONT SIZE=2><SUP>(1)(2)(3)(4)</SUP> </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Suncor holds a 100% interest in its oil sands leases, all located near Fort McMurray in the Athabasca region of Alberta. Based upon independent evaluations
conducted by GLJ effective December&nbsp;31, 2007, our best estimate of remaining recoverable synthetic crude oil resources are as follows: </FONT></P>

<P ALIGN="CENTER" style="font-family:;"><FONT SIZE=2><B>
<IMG SRC="g485512.jpg" ALT="GRAPHIC" WIDTH="321" HEIGHT="190">
  </B></FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>As
U.S. companies are prohibited from disclosing estimates of probable reserves for non-mining properties and resources for oil and gas or mining properties, Suncor's
resource estimates will not be comparable to those made by U.S. companies.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Remaining
Recoverable Resources are the sum of reserves and contingent resources.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(3)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Contingent
Resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology
under development, but which are not currently considered to be commercially recoverable due to one or more contingencies.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(4)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Best
Estimate Resources is considered to be the best estimate of the quantity of resources that will actually be recovered. It is equally likely that the actual remaining quantities
recovered will be greater or less than the best estimate. The best estimate of potentially recoverable volumes is generally prepared independent of the risks associated with achieving commercial
production. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=2>The contingent resources are not classified as reserves due to the absence of a commercial development plan that includes a firm intent to develop within a
reasonable timeframe, and in some cases due to higher uncertainty as a result of lower core-hole drilling density. Our Voyageur South development area, for which we submitted a regulatory
application in 2007, is part of our mining contingent resources. Significant mining contingent resources are also associated with our Audet leases, located north of our Firebag leases and immediately
adjacent to leases proposed for mining development by other operators. All of our in-situ leases are associated with our Firebag leases. While we consider the contingent resources to be
potentially recoverable under reasonable economic and operating conditions, there is no certainty that it will be commercially viable to produce any portion of&nbsp;them. </FONT></P>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Asset Retirement Obligations (ARO)</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>We
are required to recognize a liability for the future retirement obligations associated with our property, plant and equipment. An ARO is only recognized to the extent there is a legal obligation
associated with the retirement of a tangible long-lived asset that we are required to settle as a result of an existing or enacted law, statute, ordinance, written or oral contract, or by
legal construction of a contract under the doctrine of promissory estoppel. The ARO is based on estimated costs, taking into account the anticipated method and extent of restoration consistent with
legal requirements, technological advances and the possible use of the site. Since these estimates are specific to the sites involved, there are many individual assumptions underlying our total ARO
amount. These individual assumptions can be subject to change based on&nbsp;experience. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
ARO is measured at fair value every year-end, and incremental increases are discounted to present value using a credit-adjusted risk-free discount rate
(2007&nbsp;&#150;&nbsp;6.0%; 2006&nbsp;&#150;&nbsp;5.5%). The ARO accretes over time until we settle the obligation, the effect of which is included in a
separate line in the Consolidated Statements of Earnings and Comprehensive Income entitled "Accretion of asset retirement obligations". Payments to settle the obligations occur on an ongoing basis and
will continue over the lives of the operating assets, which can exceed 30&nbsp;years. The discount rate is adjusted as appropriate, to reflect long-term changes in market rates
and&nbsp;outlook. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>An
ARO is not recognized for assets with an indeterminate useful life because the amount cannot be reasonably estimated. An ARO for these assets will be recorded in the first period in which the lives
of the assets are determinable. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>In
connection with company and third-party reviews of ARO during 2007, we increased our estimated undiscounted total obligation to $2.231&nbsp;billion from the previous estimate of
$1.657&nbsp;billion. The increase was primarily due to a change in the oil sands estimate to $1.941&nbsp;billion from $1.473&nbsp;billion, primarily reflecting increased estimated costs related
to pond reclamation. The majority of the costs in oil sands are projected to occur over a time horizon extending to approximately 2060. In 2008, these changes in the ARO estimate are anticipated to
result in additional after-tax expenses of approximately $24&nbsp;million. The discounted amount of our ARO liability was $1.072&nbsp;billion at December&nbsp;31, 2007, compared to
$808&nbsp;million at December&nbsp;31,&nbsp;2006. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Employee Future Benefits</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>We
provide a range of benefits to our employees and retired employees, including pensions and other post-retirement benefits. The determination of obligations under our benefit plans and
related expenses requires the use of actuarial valuation methods and assumptions. Assumptions typically used in determining these amounts </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>30</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

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<P style="font-family:;"><FONT SIZE=2>include,
as applicable, rates of employee turnover, future claim costs, discount rates, future salary and benefit levels, return on plan assets, mortality rates and future medical costs. The fair
value of plan assets is determined using market values. Actuarial valuations are subject to management judgment. Management continually reviews these assumptions in light of actual experience and
expectations for the future. Changes in assumptions are accounted for on a prospective basis. Employee future benefit costs are reported as part of operating, selling and general expenses in our
Consolidated Statements of Earnings and Comprehensive Income. The accrued benefit liability is reported as part of accrued liabilities and other in the Consolidated Balance&nbsp;Sheets. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
assumed rate of return on plan assets considers the current level of expected returns on the fixed income portion of the plan assets portfolio, the historical level of risk premium associated with
other asset classes in the portfolio and the expected future returns on each asset class. The discount rate assumption is based on the year-end interest rate on high-quality
bonds with maturity terms equivalent to the benefit obligations. The rate of compensation increases is based on management's judgment. The accrued benefit obligation and net periodic benefit cost for
both pensions and other post-retirement benefits may differ significantly if different assumptions are used. The impact of a 1% change in the assumptions at which pension benefits and
other post-retirement benefit liabilities could be effectively settled is disclosed in note&nbsp;9 to&nbsp;the consolidated financial statements on page&nbsp;75. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Property, Plant and Equipment</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>We
account for our in-situ and natural gas exploration and production activities using the "successful efforts" method. This policy was selected over the alternative of the
full-cost method because we believe it provides more timely accounting of the success or failure of exploration and production activities. </FONT></P>


<P style="font-family:;"><FONT SIZE=2>The
application of the successful efforts method of accounting requires management to determine the proper classification of activities designated as developmental or exploratory, which then
determines the appropriate accounting treatment of the costs incurred. The results from a drilling program can take considerable time to analyze and the determination that commercial reserves have
been discovered requires both judgment and industry experience. Where it is determined that exploratory drilling will not result in commercial production, the exploratory dry hole costs are written
off and reported as part of exploration expenses in the Consolidated Statements of Earnings and Comprehensive Income. Dry hole expense can fluctuate from year to year due to such factors as the level
of exploratory spending, the level of risk sharing with third parties participating in the exploratory drilling and the degree of risk in drilling in particular areas. </FONT></P>


<P style="font-family:;"><FONT SIZE=2>Properties
that are assumed to be productive may, over a period of time, actually deliver oil and gas in quantities different than originally estimated because of changes in reservoir performance.
Such changes may require a test for the potential impairment of capitalized properties based on estimates of future cash flow from the properties. Estimates of future cash flows are subject to
significant management judgment concerning oil and gas prices, production quantities and operating costs. Where properties are assessed by management to be fully or partially impaired, the book value
of the properties is reduced to fair value and either completely removed ("written off") or partially removed ("written down") in our records and reported as part of depreciation, depletion and
amortization expenses in the Consolidated Statements of Earnings and Comprehensive Income. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Negative
revisions in natural gas and in-situ reserves estimates will result in an increase in depletion expenses. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Control Environment</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Based
on their evaluation as of December&nbsp;31, 2007, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures (as&nbsp;defined in
Rules&nbsp;13(a)-15(e) and&nbsp;15(d)-15(e) under the United&nbsp;States Securities Exchange Act of 1934 (the&nbsp;Exchange Act)) are effective to ensure that
information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities
and Exchange Commission rules and forms. In addition, as of December&nbsp;31, 2007, there were no changes in our internal control over financial reporting that occurred during 2007
that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. We will continue to periodically evaluate our disclosure controls and
procedures and internal control over financial reporting and will make any modifications from time to time as deemed necessary. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
company has undertaken a comprehensive review of the effectiveness of its internal control over financial reporting as part of the reporting, certification and attestation requirements of
Section&nbsp;404 of the U.S.&nbsp;Sarbanes-Oxley Act of 2002. For the year ended December&nbsp;31, 2007, the company's internal controls were found to be operating free of any material
weaknesses. </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>31</B></FONT></P>

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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>CHANGE IN ACCOUNTING POLICIES</B></FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Financial Instruments</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>On January&nbsp;1, 2007, the company adopted The Canadian Institute of Chartered Accountants (CICA) Handbook section&nbsp;3855 "Financial Instruments, Recognition and
Measurement", section&nbsp;3865 "Hedging", section&nbsp;1530 "Comprehensive Income" and section&nbsp;3251&nbsp;"Equity". </FONT></P>


<P style="font-family:;"><FONT SIZE=2>Sections&nbsp;3855
and&nbsp;3865 establish accounting and reporting standards for financial instruments and hedging activities, and require the initial recognition of financial instruments at fair
value on the balance sheet. Section 1530 establishes standards for reporting and disclosure of comprehensive income, where comprehensive income refers to all changes in equity (net&nbsp;assets)
during a reporting period except those resulting from investments by owners and distributions to owners, and section&nbsp;3251 establishes standards for the presentation of equity and changes in
equity during the reporting period. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
company's financial instruments consist of cash and cash equivalents, accounts receivable, derivative contracts, substantially all current liabilities (except for the current portions of asset
retirement and pension obligations), and long-term debt. Unless otherwise noted, carrying values reflect the current fair value of the company's financial instruments. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
estimated fair values of financial instruments have been determined based on the company's assessment of available market information and/or appropriate valuation methodologies; however, these
estimates may not necessarily be
indicative of the amounts that could be realized or settled in a current market transaction. Upon initial recognition, each financial asset and financial liability instrument is recorded at fair
value, adjusted for any transaction costs. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Derivative
contracts, excluding those considered as normal purchases and normal sales, are required to be recorded on the balance sheet at fair value. If the derivative is designated as a fair value
hedge, changes in the fair value of the derivative and changes in the fair value of the hedged item attributable to the hedged risk are recognized in net earnings each period. If the derivative is
designated as a cash flow hedge, the effective portions of the changes in fair value of the derivative are initially recorded in other comprehensive income and are recognized in net earnings when the
hedged item is recognized. Ineffective portions of changes in the fair value of hedging instruments are recognized in net earnings immediately for both fair value and cash flow&nbsp;hedges. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Gains
or losses arising from hedging activities, including the ineffective portion, are reported in the same caption as the hedged item. The determination of hedge effectiveness and the measurement of
hedge ineffectiveness for cash flow hedges are based on internally derived valuations. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
company's fixed-term debt is accounted for under the amortized cost method with the exception of the portion of debt that has related financial hedges which is accounted for under the
fair value hedge methodology. We do not recognize gains or losses arising from changes in the fair value of this debt until the gains or losses are&nbsp;realized. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
company's equity section will now contain a new caption "Accumulated Other Comprehensive Income". In addition to containing the effective portions of the gains/losses on our cash flow hedges,
accumulated other comprehensive income will also contain the cumulative foreign currency translation adjustment of our foreign operations. </FONT></P>


<P style="font-family:;"><FONT SIZE=2>Upon
implementation and initial measurement under the new standards at January&nbsp;1, 2007, the following increases (decreases), net of income taxes, were recorded to the Consolidated
Balance&nbsp;Sheet: </FONT></P>

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<TD WIDTH="87%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="87%" style="font-family:;"><FONT SIZE=1>Financial Assets&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>42</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="87%" style="font-family:;"><FONT SIZE=1>Financial Liabilities&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>29</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="87%" style="font-family:;"><FONT SIZE=1>Retained Earnings&nbsp;<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="87%" style="font-family:;"><FONT SIZE=1>Cumulative Foreign Currency Translation&nbsp;<SUP>(3)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>71</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="87%" style="font-family:;"><FONT SIZE=1>Accumulated Other Comprehensive Loss&nbsp;<SUP>(4)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(63</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
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<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Recognition
of fair value of derivative financial instruments designated as cash flow hedges and fair value hedges, and the related income tax&nbsp;impacts.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Impact
on adoption of the measurement of ineffectiveness on derivative financial instruments designated as cash flow&nbsp;hedges.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(3)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Restatement
of foreign currency translation adjustment to accumulated other comprehensive&nbsp;loss.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(4)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Recognition
of accumulated other comprehensive loss arising from the restatement of foreign currency translation adjustment, offset by accumulated other comprehensive income arising
from the measurement of ineffectiveness on derivative financial instruments designated as cash flow&nbsp;hedges. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=2>The comparative consolidated financial statements have not been restated, except for the presentation of the cumulative foreign currency translation adjustment. </FONT></P>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>32</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
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<A NAME="page_dk12501_1_33"> </A>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>RECENTLY ISSUED CANADIAN ACCOUNTING STANDARDS</B></FONT></P>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Inventories</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>In June&nbsp;2007, the CICA approved Handbook section&nbsp;3031 "Inventories". Effective January&nbsp;1, 2008, this standard eliminates the use of a LIFO
(last-in-first-out) based valuation approach for inventory. The standard also requires any impairment to net realizable value of inventory to be written down at
each reporting period, with subsequent reversals when applicable. This standard can be applied prospectively with an initial adjustment to retained earnings or applied retrospectively with restatement
of comparative balances. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
company currently uses a LIFO methodology for crude oil and refined product inventory and will be transitioning to a FIFO (first-in-first-out) methodology
beginning January&nbsp;1, 2008. Retrospective application with restatement will increase the following financial statement balances upon transition: </FONT></P>

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<TD WIDTH="88%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="88%" style="font-family:;"><FONT SIZE=1>Inventory</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>404</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="88%" style="font-family:;"><FONT SIZE=1>Future Income Tax Liability</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>121</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="88%" style="font-family:;"><FONT SIZE=1>Retained Earnings</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>283</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Capital Disclosures</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>In December&nbsp;2006, the CICA approved Handbook section&nbsp;1535 "Capital Disclosures". Effective January&nbsp;1, 2008 this standard outlines required disclosure of
specific information about an entity's objectives, policies and processes for managing capital. The new standard will not impact net earnings or financial position. </FONT></P>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Financial Instruments</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>In December&nbsp;2006, the CICA approved Handbook section&nbsp;3862 "Financial Instruments Disclosure" and section&nbsp;3863 "Financial Instruments Presentation".
Effective January&nbsp;1, 2008, these standards provide a complete set of disclosure and presentation requirements for financial instruments. The standards have increased emphasis on simplifying
disclosures, while enhancing risk identification and discussion of how these risks are managed in relation to both recognized and unrecognized financial instruments. The new standard will not impact
net earnings or financial position. </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>33</B></FONT></P>

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<P style='font-family:;page-break-before:always'></p>
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<P style="font-family:;"><FONT SIZE=2><A
NAME="page_dm12501_1_34"> </A> </FONT> <FONT SIZE=6><B>

<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->

 </B></FONT><FONT COLOR="#5C7DA8" SIZE=2><B>OIL SANDS</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>
Located near Fort McMurray, Alberta, our oil sands business forms the foundation of our growth strategy and represents the most significant portion of our assets. The oil sands business recovers
bitumen through mining and in-situ development and upgrades it into refinery feedstock, diesel fuel and byproducts. Our marketing plan also allows for sales of bitumen when market
conditions are favourable or when operating conditions warrant. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Oil
sands strategy focuses on: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Acquiring long-life leases with substantial bitumen resources in place.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Sourcing low-cost bitumen supply through mining, in-situ development and third-party supply
agreements, and upgrading this bitumen supply into high value crude oil&nbsp;products.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Increasing production capacity and improving reliability through staged expansion, continued focus on operational
excellence and worksite safety.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Reducing costs through the application of technologies, economies of scale, direct management of growth projects,
strategic alliances with key suppliers and continuous improvement of&nbsp;operations.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Pursuing new technology applications to increase production, mitigate costs and reduce environmental impacts. </FONT></DD></DL>
<BR>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>HIGHLIGHTS</B></FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Summary of Results</B></FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Year ended December&nbsp;31<BR>
($&nbsp;millions unless otherwise noted)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Revenue</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6&nbsp;775</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7&nbsp;407</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;965</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Production (thousands of bpd)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>235.6</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>260.0</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>171.3</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Average sales price ($/barrel)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>74.01</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>68.03</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>53.81</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Net earnings</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;434</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;783</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>957</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Cash flow from operations&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;092</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;917</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;916</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Total assets</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>18&nbsp;108</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13&nbsp;692</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11&nbsp;648</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Cash used in investing activities</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;248</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;230</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;882</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Net cash surplus (deficiency)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(519</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;113</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(236</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Sales mix (light/heavy mix)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>54/46</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>53/47</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>54/46</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>Cash operating costs ($/barrel)&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>27.80</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21.70</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24.55</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>ROCE (%)&nbsp;<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>42.6</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>53.5</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>22.4</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" style="font-family:;"><FONT SIZE=1>ROCE (%)&nbsp;<SUP>(3)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>27.6</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>40.1</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>16.0</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=9 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Non-GAAP
measure. See page&nbsp;46.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Excludes
capitalized costs related to major projects in progress. Return on capital employed (ROCE) for our operating segments is calculated in a manner consistent with consolidated
ROCE as reconciled in Non-GAAP Financial Measures. See Page&nbsp;46.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(3)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Includes
capitalized costs related to major projects in progress. See page&nbsp;46. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>2007 Overview</B></FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Oil sands production averaged 235,600&nbsp;bpd in 2007, compared to 260,000&nbsp;bpd in 2006. Production was down
year-over-year primarily as the result of planned and unplanned maintenance including a planned 50-day outage of Upgrader&nbsp;2.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Oil sands cash operating costs averaged $27.80 per barrel during 2007, compared to $21.70 per barrel in 2006. The
increase in 2007 was primarily due to fixed costs being spread over lower production, as well as higher maintenance costs related to planned and unplanned maintenance. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>34</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

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<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>The oil sands business made considerable progress on a variety of projects that are expected to benefit operational
reliability, production and sales. At December&nbsp;31, 2007, the addition of a new set of cokers to our upgrading complex was approximately 95% complete. This expansion is expected to increase
production capacity to 350,000&nbsp;bpd, with construction completion targeted in the second quarter of 2008 and ramp-up to full capacity expected in the fourth quarter. Other work
included construction of a naphtha unit (which is intended to enhance product mix) which was approximately 20% complete at year-end, and the Steepbank extraction plant which was
approximately 25% complete at&nbsp;year-end.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Significant progress was also made on components of the Voyageur program to increase production capacity to
550,000&nbsp;bpd in 2012. Engineering, procurement and field construction on these projects was advanced to a point sufficient for Suncor's Board of Directors to provide final project approval in
early&nbsp;2008.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>In July, Suncor filed a regulatory application for the Voyageur South mine extension. Bitumen produced at the proposed
project is expected to provide additional feedstock flexibility.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>In August, Alberta Environment issued a new 10-year operating approval for Suncor's base oil sands
operations.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>At our in-situ operation, high emissions resulted in intervention by both Alberta Environment and the
Alberta Energy and Utilities Board. See page&nbsp;25 for&nbsp;further discussion. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Analysis of Net Earnings</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Net earnings were $2,434&nbsp;million in 2007, compared to $2,783&nbsp;million in 2006 (2005&nbsp;&#150;&nbsp;$957&nbsp;million). Excluding the
impacts of income tax rate revaluations, net insurance proceeds (relating to the January&nbsp;2005 fire) and project start-up costs, earnings were $2,063&nbsp;million in 2007, compared
to $2,148&nbsp;million in 2006 (2005&nbsp;&#150;&nbsp;$680&nbsp;million). </FONT></P>

<P ALIGN="CENTER" style="font-family:;"><FONT SIZE=2><B>
<IMG SRC="g513032.jpg" ALT="GRAPHIC" WIDTH="324" HEIGHT="196">
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<P style="font-family:;"><FONT SIZE=2>The
decrease in earnings primarily reflects the impact of scheduled and unscheduled maintenance that reduced crude oil production and increased operating expenses. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Oil
sands average production was 235,600&nbsp;bpd in 2007, compared to 260,000&nbsp;bpd in 2006. Sales volumes in 2007 averaged 234,700&nbsp;bpd, compared with 263,100&nbsp;bpd in 2006. Lower
sales volumes decreased 2007 net earnings by $427&nbsp;million. Production and sales volumes were significantly lower in 2007 due mainly to the planned shutdown of Upgrader&nbsp;2 during the
summer. The 50-day outage was required to tie-in new facilities related to our planned expansion of oil sands production capacity. Unplanned outages throughout the year have
also had a negative impact on our 2007 production volumes. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Sales
price realizations averaged $74.01 per barrel in 2007 (including the impact of pretax hedging losses of $5&nbsp;million), compared with $68.03 per barrel in 2006 (with no pretax hedging
gains). The average sales price realization was favourably impacted by stronger WTI benchmark crude oil prices and strengthening differentials on our sweet and sour crude blends relative to WTI,
partially offset by a higher average US$/Cdn$ exchange rate. As crude oil is sold based on U.S.&nbsp;dollar benchmark prices, the increased average US$/Cdn$ exchange rate decreased the Canadian
dollar value of crude oil&nbsp;products. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
net impact of the above sales mix and pricing factors increased net earnings by $297&nbsp;million in&nbsp;2007. </FONT></P>

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<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>35</B></FONT></P>

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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Cash Expenses</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Cash expenses, which include purchases of crude oil and products, operating, selling and general expenses, transportation and other costs, exploration expenses, and taxes other
than income taxes, were $2,833&nbsp;million in 2007, compared to $2,546&nbsp;million in 2006 (2005&nbsp;&#150;&nbsp;$1,652&nbsp;million). Expenses increased
year-over-year primarily due to higher maintenance expenditures, in addition to diesel fuel purchases made in order to satisfy customer commitments during the Upgrader&nbsp;2
shutdown. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Overall,
increased cash expenses, which include Firebag operating expenses, reduced net earnings by $194&nbsp;million. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Royalties</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Alberta oil sands Crown royalties decreased to $565&nbsp;million in 2007, compared to $911&nbsp;million in 2006
(2005&nbsp;&#150;&nbsp;$406&nbsp;million). The lower royalty expense is due primarily to increased capital expenditures incurred, lower sales volumes and the absence of net
insurance proceeds (relating to a January&nbsp;2005 fire). These factors were partially offset by higher crude oil prices. Alberta oil sands Crown royalties are subject to completion of audits for
2007 and prior years. Changes to the estimated amounts previously recorded will be reflected in our financial statements on a prospective basis and may be significant. For a further discussion on
Crown royalties, see page&nbsp;19. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Non-Cash Expenses</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Non-cash depreciation, depletion and amortization (DD&amp;A) expense increased to $462&nbsp;million from $385&nbsp;million in 2006
(2005&nbsp;&#150;&nbsp;$330&nbsp;million). The increase primarily resulted from continued growth in the depreciable cost base after the commissioning of new assets throughout
the year. Higher non-cash expenses decreased net earnings by $61&nbsp;million. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Revaluation of Future Income Taxes</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Reductions to the federal income tax rate in the second and fourth quarters of 2007 resulted in a total decrease of $413&nbsp;million in the oil sands opening future income
tax (FIT) liability balance, and a corresponding increase in the net earnings of the oil sands segment. In the second quarter of 2006, reductions to both the federal and the Alberta provincial income
tax rates resulted in a $429&nbsp;million revaluation of the oil sands future income tax liability balance, with a corresponding increase in net earnings
(2005&nbsp;&#150;&nbsp;nil). </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Cash Operating Costs</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Cash operating costs increased to $2,391&nbsp;million in 2007, compared to $2,057&nbsp;million in 2006. On a per barrel basis, these costs increased to $27.80 per barrel
from $21.70 per barrel in 2006. The increase in cash operating costs per barrel is a result of increased operating expenses and lower production. Refer to page&nbsp;46 for&nbsp;further details on
cash operating costs as a non-GAAP financial measure, including the calculation and reconciliation to GAAP&nbsp;measures. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Net Cash Surplus (Deficiency) Analysis</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Cash flow from operations was $3,092&nbsp;million in 2007, compared to $3,917&nbsp;million in 2006 (2005&nbsp;&#150;&nbsp;$1,916&nbsp;million). The
decrease was primarily due to the same factors that impacted net earnings, excluding the impact of depreciation, depletion and amortization. In addition, cash flows were reduced by cash income taxes
that were not present in&nbsp;2006. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Cash
flow used in investing activities increased to $4,248&nbsp;million in 2007 from $2,230&nbsp;million in 2006 (2005&nbsp;&#150;&nbsp;$1,882&nbsp;million). During 2007,
capital spending related primarily to continued progress on the current coker unit expansion, future Voyageur strategy expansion, Steepbank extraction plant and naphtha unit&nbsp;projects. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Combined,
the above factors resulted in a net cash deficiency of $519&nbsp;million in 2007, compared with a surplus of $2,113&nbsp;million in 2006
(2005&nbsp;&#150;&nbsp;$236&nbsp;million deficiency). </FONT></P>

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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>36</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Future Expansion</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>In 2001, Suncor announced plans to pursue a multi-phased growth strategy to increase production capacity at its oil sands plant from 225,000&nbsp;barrels per day (bpd) to
550,000&nbsp;bpd in&nbsp;2012. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
first step in that plan was completed in 2005 when Suncor increased production by 35,000&nbsp;bpd (bringing the total production capacity to 260,000&nbsp;bpd). In the second half of 2008,
Suncor expects to complete an expansion to increase production capacity by 90,000&nbsp;bpd (bringing the total production capacity to 350,000&nbsp;bpd). </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Suncor's
Board of Directors approved the final phase of this multi-staged growth strategy in January&nbsp;2008. An investment estimated at $20.6&nbsp;billion for our Voyageur program is expected
to increase production capacity by 200,000&nbsp;bpd, enabling production capacity of 550,000&nbsp;bpd in 2012. Of the $20.6&nbsp;billion, $9&nbsp;billion is planned for expansion of bitumen
supply at our in-situ operation, while $11.6&nbsp;billion is targeted for construction of a third upgrader. For further details, see the Significant Capital Projects table on
page&nbsp;18. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Risk Factors Affecting Performance</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Our financial and operating performance is potentially affected by a number of factors, including, but not limited to, the&nbsp;following: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Our ability to finance oil sands growth in a volatile commodity pricing environment. Also refer to Liquidity and
Capital Resources on page&nbsp;16.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Our ability to complete future projects both on time and on budget. This could be impacted by competition from other
projects (including other oil sands projects) for skilled people, increased demands on the Fort McMurray infrastructure (including housing, roads and schools), or higher prices for the products and
services required to operate and maintain the operations. We continue to address these issues through a comprehensive recruitment and retention strategy, working with the community to determine
infrastructure needs, designing oil sands expansion to reduce unit costs, seeking strategic alliances with service providers and maintaining a strong focus on engineering, procurement and project
management.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Ability to manage production operating costs. Operating costs could be impacted by inflationary pressures on labour,
volatile pricing for natural gas used as an energy
source in oil sands processes, and planned and unplanned maintenance. We continue to address these risks through such strategies as application of technologies that help manage operational workforce
demand, offsetting natural gas purchases through internal production, investigation of technologies that mitigate reliance on natural gas as an energy source, and an increased focus on preventative
maintenance.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Potential changes in the demand for refinery feedstock and diesel fuel. Our strategy is to reduce the impact of this
issue by entering into long-term supply agreements with major customers, expanding our customer base and offering a variety of blends of refinery feedstock to meet customer specifications.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Volatility in crude oil and natural gas prices, foreign exchange rates and the light/heavy and sweet/sour crude oil
differentials. These factors are difficult to predict and impossible to&nbsp;control.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Logistical constraints and variability in market demand, which can impact crude movements. These factors can be
difficult to predict and&nbsp;control.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Changes to royalty and tax legislation that could impact our business. While fiscal regimes in Alberta and Canada are
generally stable relative to many global jurisdictions, royalty and tax treatments are subject to periodic review, the outcome of which is not predictable and could result in changes to the company's
planned investments, and rates of return on existing investments.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Our relationship with our trade unions. Work disruptions have the potential to adversely affect oil sands operations
and growth projects. The Communications, Energy and Paperworkers Union Local 707&nbsp;represents approximately 2,100&nbsp;oil sands employees. The current collective agreement with the union
expires on April&nbsp;30,&nbsp;2010. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=2>Additional
risks, assumptions and uncertainties are discussed on page&nbsp;48 under Forward-Looking Information. Also refer to Risk Factors Affecting Performance on page&nbsp;21. </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>37</B></FONT></P>

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<P style="font-family:;"><FONT SIZE=2><A
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 </B></FONT><FONT COLOR="#5C7DA8" SIZE=2><B>NATURAL GAS</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>
Suncor's natural gas business, operating primarily in western Canada, acts as a price hedge against the company's purchases for internal consumption at our oil sands operations. This business also
supports Suncor's sustainability goals by managing investment in wind energy projects and developing strategies to reduce greenhouse gas&nbsp;emissions. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Natural
gas strategy focuses on: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Building competitive operating areas.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Improving base business efficiency, with a focus on operational excellence and work site&nbsp;safety.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Developing new, low-capital business opportunities. </FONT></DD></DL>
<BR>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>HIGHLIGHTS</B></FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Summary of Results</B></FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="74%" style="font-family:;"><FONT SIZE=1>Year ended December&nbsp;31<BR>
($&nbsp;millions unless otherwise noted)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="74%" style="font-family:;"><FONT SIZE=1>Revenue</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>553</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>578</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>679</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="74%" style="font-family:;"><FONT SIZE=1>Natural gas production (mmcf/d)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>196</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>191</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>190</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="74%" style="font-family:;"><FONT SIZE=1>Average natural gas sales price ($/mcf)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.32</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7.15</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.57</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="74%" style="font-family:;"><FONT SIZE=1>Net earnings</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>25</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>106</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>155</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="74%" style="font-family:;"><FONT SIZE=1>Cash flow from operations&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>248</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>281</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>412</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="74%" style="font-family:;"><FONT SIZE=1>Total assets</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;811</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;503</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;307</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="74%" style="font-family:;"><FONT SIZE=1>Cash used in investing activities</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>532</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>443</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>344</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="74%" style="font-family:;"><FONT SIZE=1>Net cash surplus (deficit)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(262</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(189</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>63</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="74%" style="font-family:;"><FONT SIZE=1>ROCE (%)&nbsp;<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2.5</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>14.9</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>30.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=8 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Non-GAAP
Measure. See Page&nbsp;46.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>ROCE
for&nbsp;Suncor operating segments is calculated in a manner consistent with consolidated ROCE as reconciled in Non-GAAP Financial Measures. See page&nbsp;46. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>2007 Overview</B></FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Total production averaged 215&nbsp;million cubic&nbsp;feet equivalent per day (mmcfe/d) in 2007, compared to
209&nbsp;mmcfe/d in 2006. Production during 2007 was comprised of 91% natural gas and 9%&nbsp;natural gas liquids and crude&nbsp;oil.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Company-wide purchases of natural gas for internal consumption were approximately 184&nbsp;million cubic
feet per day (mmcf/d) during 2007, compared to natural gas production of 196&nbsp;mmcf/d in&nbsp;2007.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>In September, Suncor commissioned its fourth wind power project. The 76-megawatt facility located near
Ripley, Ontario is the company's largest wind power&nbsp;project.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>During the first quarter of 2007, Suncor acquired developed and undeveloped lands in British Columbia for approximately
$160&nbsp;million.<BR></FONT></DD></DL>
<BR>
<P ALIGN="CENTER" style="font-family:;"><FONT SIZE=2><B>
<IMG SRC="g198178.jpg" ALT="GRAPHIC" WIDTH="208" HEIGHT="180">
  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:;"><FONT SIZE=2><B>
<IMG SRC="g600456.jpg" ALT="GRAPHIC" WIDTH="210" HEIGHT="156">
  </B></FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>38</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Analysis of Net Earnings</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Natural
gas net earnings were $25&nbsp;million in 2007, compared to $106&nbsp;million in 2006 (2005&nbsp;&#150;&nbsp;$155&nbsp;million). Excluding the impact of income tax
rate reductions on the opening future income tax liability, the net loss for 2007 was $14&nbsp;million, compared to net earnings of $53&nbsp;million in 2006
(2005&nbsp;&#150;&nbsp;$155&nbsp;million). The decrease in net earnings was due primarily to lower natural gas price realizations and higher depreciation, depletion and
amortization, operating costs, and transportation expenses. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
average realized price for natural gas was $6.32 per thousand cubic&nbsp;feet (mcf) in 2007, compared to an average of $7.15 per mcf in 2006, reflecting lower benchmark natural gas prices. This
was partially offset by the increase in price realizations for crude oil and natural gas liquids that resulted from the higher benchmark prices for those products. The net impact of the price variance
was a reduction in net earnings of $38&nbsp;million. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Natural
gas total production was 215&nbsp;mmcfe/d in 2007, compared to 209&nbsp;mmcfe/d in the prior year. The increase in 2007 production was primarily due to increased volumes from the Grizzly
Valley area as a result of new wells added during the period and improved access to processing facilities. Increased production volumes positively impacted 2007 net earnings by $11&nbsp;million. </FONT></P>

<P ALIGN="CENTER" style="font-family:;"><FONT SIZE=2><B>
<IMG SRC="g937810.jpg" ALT="GRAPHIC" WIDTH="283" HEIGHT="213">
  </B></FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Cash Expenses</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Operating costs, including general and administrative expenses, were $135&nbsp;million in 2007, compared to $110&nbsp;million in 2006
(2005&nbsp;&#150;&nbsp;$93&nbsp;million). The increase in operating costs was mainly due to higher lifting costs resulting from third-party processing fees and industry cost
pressures, including higher labour&nbsp;costs. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Exploration
expenses were $82&nbsp;million in 2007, unchanged from 2006 (2005&nbsp;&#150;&nbsp;$46&nbsp;million). A $15&nbsp;million increase in dry hole costs recognized
during the year was offset by a reduction in seismic expenditures. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Non-Cash expenses</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>DD&amp;A expense was $189&nbsp;million in 2007, compared to $152&nbsp;million in 2006 (2005&nbsp;&#150;&nbsp;$130&nbsp;million). The increase was due to
higher production and an increase in the capitalized costs, including the impact of developmental dry&nbsp;holes. </FONT></P>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Royalties</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Royalties on production of natural gas and liquids were $126&nbsp;million ($1.61 per thousand cubic feet equivalent (mcfe)) in 2007, comparable to the $127&nbsp;million
royalty expense ($1.67 per mcfe) in 2006 (2005&nbsp;&#150;&nbsp;$149&nbsp;million; $1.95 per mcfe). Higher production was offset by lower sales price realizations. In October
2007, the government of Alberta announced a new royalty framework which, if enacted by the government, will change royalty rates beginning in 2009. For a further discussion on Crown royalties, see
page&nbsp;20. </FONT></P>

<P ALIGN="CENTER" style="font-family:;"><FONT SIZE=2><B>
<IMG SRC="g895309.jpg" ALT="GRAPHIC" WIDTH="216" HEIGHT="160">
  </B></FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>39</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
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<A NAME="page_do12501_1_40"> </A>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Net Cash Deficiency Analysis</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Natural
gas net cash deficiency was $262&nbsp;million in 2007, compared with a $189&nbsp;million deficiency in 2006 (2005&nbsp;&#150;&nbsp;$63&nbsp;million surplus). Cash
flow from operations decreased to $248&nbsp;million compared with $281&nbsp;million in the prior year (2005&nbsp;&#150;&nbsp;$412&nbsp;million), mainly due to decreased
revenues and higher operating costs. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Cash
used in investing activities increased to $532&nbsp;million, compared with $443&nbsp;million in 2006 (2005&nbsp;&#150;&nbsp;$344&nbsp;million) primarily due to the
acquisition of developed and undeveloped lands in British Columbia for approximately $160&nbsp;million. </FONT></P>

<P ALIGN="CENTER" style="font-family:;"><FONT SIZE=2><B>
<IMG SRC="g6893.jpg" ALT="GRAPHIC" WIDTH="214" HEIGHT="213">
  </B></FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Risk Factors Affecting Performance</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Our financial and operating performance is potentially affected by a number of factors, including, but not limited to, the&nbsp;following: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Consistently and competitively finding and developing reserves that can be brought on stream economically.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>The impact of market demand for land. Market demand also influences the cost and available opportunities for
acquisitions.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>The impact of market demand for labour and equipment, which in a heated exploration and development market, could
increase costs and/or cause delays to projects for natural gas and its competitors.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Risks and uncertainties associated with consulting with stakeholders and obtaining regulatory approval for exploration
and development activities in our operating areas. These risks could increase costs and/or cause delays to or cancellation of&nbsp;projects.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Risks and uncertainties associated with weather conditions, which can shorten the winter drilling season and impact the
spring and summer drilling program, which may result in increased costs and/or reduced production. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=2>Additional
risks, assumptions and uncertainties are discussed on page&nbsp;48 under Forward-Looking Information. Refer to Risk Factors Affecting Performance on page&nbsp;21. </FONT></P>


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>40</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
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<P style="font-family:;"><FONT SIZE=2><A
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<!-- COMMAND=ADD_DEFAULTFONT,"font-family:;" -->


 </B></FONT><FONT COLOR="#5C7DA8" SIZE=2><B>REFINING AND MARKETING</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>
Consistent with the company's organizational restructuring during the first quarter of 2007, results from our Canadian and U.S.&nbsp;downstream marketing and refining operations have been combined
into a single business segment&nbsp;&#150;&nbsp;refining and marketing. Comparative figures have been reclassified to reflect the combination of the previously disclosed Energy
Marketing&nbsp;&amp; Refining&nbsp;&#150;&nbsp;Canada (EM&amp;R) and Refining&nbsp;&amp; Marketing&nbsp;&#150;&nbsp;U.S.A. (R&amp;M) segments. There was no impact to
previously reported net earnings as a result of the combination. The results of company-wide energy marketing and trading will continue to be included in this segment. The financial
results relating to the sales of oil sands and natural gas production will continue to be reported in their respective business segments. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Refining
and marketing operates a 70,000&nbsp;barrel per day (bpd) capacity refinery in Sarnia, Ontario and a 90,000&nbsp;bpd capacity refining complex in Commerce City, Colorado, and markets
refined products to industrial, wholesale and commercial customers primarily in Ontario, Quebec and Colorado. Through a combination of joint venture-operated and company-owned retail stations, we
market products to retail customers in Ontario and the Denver area. Assets also include a 200-million litre per year ethanol plant in St.&nbsp;Clair, Ontario, the
480-kilometre Rocky Mountain pipeline system, the 140-kilometre Centennial pipeline system, two product terminals in Ontario, and two product terminals in Grand Junction,
Colorado. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
refining and marketing business also encompasses third-party energy marketing and trading activities, as well as providing marketing services for the sale of crude oil and natural gas from the oil
sands and natural gas segments. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Refining
and marketing's strategy is focused on: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Enhancing the profitability of refining operations by improving reliability and product yields and enhancing
operational flexibility to process a variety of feedstock, including crude oil streams from oil sands operations.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Creating downstream market opportunities to capture greater long-term value from oil sands production.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Reducing costs through the application of technologies, economies of scale, an increased focus on reliability through
carefully managed maintenance scheduling, strategic alliances with key suppliers and customers and continuous improvement of&nbsp;operations.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Increasing the profitability and efficiency of our retail networks. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>HIGHLIGHTS</B></FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Summary of Results</B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Year ended December&nbsp;31<BR>
($&nbsp;millions unless otherwise noted)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Revenue</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>11&nbsp;173</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;593</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6&nbsp;984</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Refined product sales (millions&nbsp;of&nbsp;litres)</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Gasoline</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6&nbsp;132</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5&nbsp;804</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5&nbsp;585</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>12&nbsp;228</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10&nbsp;803</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10&nbsp;574</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net earnings breakdown:</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Total earnings excluding energy, marketing and trading activities</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>335</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>213</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>163</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Energy marketing and trading activities</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>22</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>11</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=7 ALIGN="RIGHT" style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Total net earnings</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>345</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>235</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>174</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Cash flow from operations&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>580</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>443</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>363</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Total assets</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>4&nbsp;519</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;037</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>3&nbsp;172</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Cash used in investing activities</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(491</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(787</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(818</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Net cash deficiency</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(29</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(446</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(485</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>ROCE (%)&nbsp;<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>16.8</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>20.4</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>22.2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>ROCE (%)&nbsp;<SUP>(3)</SUP></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>14.5</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>12.5</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13.8</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Non-GAAP
measure. See page&nbsp;46.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Excludes
capitalized costs related to major projects in progress. Return on capital employed (ROCE) for our operating segments is calculated in a manner consistent with consolidated
ROCE as reconciled in Non-GAAP Financial Measures. See page&nbsp;46.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(3)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Includes
capitalized costs related to major projects in progress. See page&nbsp;46. </FONT></DD></DL>
<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>41</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>2007 Overview</B></FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>The final phase of a three-year, $1&nbsp;billion investment project in the Sarnia refinery is now
complete. This investment was made to improve the refinery's environmental performance, enable the production of ultra low sulphur diesel fuel and increase the refinery's sour synthetic processing
capacity. The upgrades to enable the production of ultra low sulphur diesel fuel were completed in 2006. The final phase of this multi-phased project was a 120-day shutdown of the refinery
hydrocracker unit to complete the tie-in of new facilities to the existing refinery.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>During commissioning of the new facilities, operational difficulties were encountered resulting in a lengthier than
planned start-up period. As a result, full production from the new facilities had not yet been achieved by year&nbsp;end.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Refinery utilization levels increased as there were fewer scheduled shutdowns during 2007, compared to the prior year
and the Commerce City refinery had improved reliability during the&nbsp;year.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Both our Canadian and U.S.&nbsp;downstream operations benefited from high refining and retail margins due to tighter
supply of refined products in the Ontario and U.S.&nbsp;Rocky Mountain markets during the first half of the year. Partially offsetting this was increased purchases of refined products to meet
customer commitments during planned refinery shutdowns, which reduced overall fuel&nbsp;margins. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Analysis of Net Earnings</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Refining and marketing results include the impact of our third-party energy marketing and trading activities that are discussed separately on page&nbsp;43. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Refining
and marketing's net earnings increased to $345&nbsp;million in 2007 from $235&nbsp;million in 2006 (2005&nbsp;&#150;&nbsp;$174&nbsp;million). This increase was
primarily due to higher sales volumes, offset by increased operating expenses. </FONT></P>

<P ALIGN="CENTER" style="font-family:;"><FONT SIZE=2><B>
<IMG SRC="g920316.jpg" ALT="GRAPHIC" WIDTH="250" HEIGHT="226">
  </B></FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Volumes</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Total sales volumes averaged 33.5 10<SUP>3</SUP>m<SUP>3</SUP>/d (thousands of cubic metres per day), compared to 29.5 10<SUP>3</SUP>m<SUP>3</SUP>/d in 2006. The
increase in sales was the result of the higher refinery utilization levels and higher purchases for resale. Total gasoline sales volumes through our Sunoco and Phillips&nbsp;66&reg;
branded retail network were comparable to the prior year, with 1,900&nbsp;million litres in 2007, slightly down from 1,935&nbsp;million litres in&nbsp;2006. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Fuel Margins</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Refining and marketing benefited from stronger margins in both Canada and the U.S.&nbsp;Rocky Mountain regions during the first half of the year as tighter supply of refined
products resulted in higher light oil product margins. This was mostly offset in the second half of the year by lower margins on heavy fuel oil sales and lower margins from finished products purchased
for re-sale. Crude and product purchases were $6,351&nbsp;million in 2007, compared to $5,308&nbsp;million in 2006 (2005&nbsp;&#150;&nbsp;$4,613&nbsp;million).
The increase was a result of higher crude oil prices, higher crude oil purchases due to higher refinery utilization levels and an increase in refined product purchases to meet customer commitments
during the planned outage at our Sarnia refinery. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Refinery Utilization</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Overall crude refinery utilization averaged 98% in 2007, compared with 85% in 2006. The increase in refinery utilization was primarily the result of a reduction in overall
planned maintenance shutdowns occurring during 2007 compared to 2006, in addition to improved reliability at the Commerce City&nbsp;refinery. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B><I>Cash and Non-Cash Expenses</I></B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Overall, cash and non-cash operating expenses increased by $72&nbsp;million after-tax in 2007. Cash expenses increased by $44&nbsp;million
after-tax in 2007, primarily due to an increase in Canadian federal excise tax paid as a result of increased sales volumes in 2007. Non-cash expenses increased by
$28&nbsp;million after-tax in 2007, due to increased depreciation, depletion and amortization expense mainly resulting from a full year's depreciation being taken on the Commerce City
and Sarnia refinery diesel desulphurization projects and the St.&nbsp;Clair ethanol project that were completed in&nbsp;2006. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>42</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Related Party Transactions</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>The Pioneer and UPI retail facilities joint ventures and the Sun Petrochemicals Company (SPC) joint venture are considered to be related parties to Suncor under Canadian GAAP.
Refining and marketing supplies refined petroleum products to the Pioneer and UPI joint ventures, and petrochemical products to SPC. Suncor has a separate supply agreement with each of Pioneer, UPI
and&nbsp;SPC. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>The
following table summarizes our related party transactions with Pioneer, UPI and SPC, after eliminations, for the year. These transactions are in the normal course of operations and have been
conducted on the same terms as would apply with third&nbsp;parties. </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=3 VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>($&nbsp;millions)</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:;"><FONT SIZE=1>Operating revenues</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Sales to refining and marketing joint ventures:</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Refined products</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>329</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>294</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>327</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="71%" style="font-family:;"><FONT SIZE=1>Petrochemicals</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>163</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>136</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>279</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT SIZE=2>At December&nbsp;31, 2007, amounts due from refining and marketing joint ventures were $17&nbsp;million, compared to $20&nbsp;million at
December&nbsp;31,&nbsp;2006. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Energy Marketing and Trading Activities</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Energy marketing and trading activities consist of both third party crude oil marketing and financial and physical derivatives trading activities. These activities resulted in
net earnings after-tax of $10&nbsp;million in 2007 compared to net earnings of $22&nbsp;million in 2006 (2005&nbsp;&#150;&nbsp;$11&nbsp;million). The higher
earnings in 2006 compared to 2007 were the result of very strong crude trading margins in the prior year. For further details on our energy marketing and trading activities, see page&nbsp;23. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Energy
trading activities, by their nature, can result in volatile and large positive or negative fluctuations in earnings. A separate risk management function reviews and monitors practices and
policies and provides independent verification and valuation of these activities. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Net Cash Deficiency Analysis</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Refining and marketing's net cash deficiency was $29&nbsp;million in 2007 compared to a net cash deficiency of $446&nbsp;million in 2006
(2005&nbsp;&#150;&nbsp;$485&nbsp;million). Cash flow from operations was $580&nbsp;million in 2007 compared to $443&nbsp;million in 2006
(2005&nbsp;&#150;&nbsp;$363&nbsp;million). The increase was primarily due to the same factors that impacted net&nbsp;earnings. </FONT></P>

<P style="font-family:;"><FONT SIZE=2>Cash
used in investing activities was $491&nbsp;million in 2007 compared to $787&nbsp;million in 2006 (2005&nbsp;&#150;&nbsp;$818&nbsp;million). Capital expenditures in
2007 were significantly lower than the previous year, as the majority of the work related to the diesel desulphurization and oil sands integration projects was completed in 2006. Capital spending in
2007 related mainly to completion of this work at Sarnia, including a planned refinery shutdown to allow the tie-in of the new&nbsp;facilities. </FONT></P>

<P ALIGN="CENTER" style="font-family:;"><FONT SIZE=2><B>
<IMG SRC="g64889.jpg" ALT="GRAPHIC" WIDTH="216" HEIGHT="213">
  </B></FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Risk Factors Affecting Performance</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Our financial and operating performance is potentially affected by a number of factors, including, but not limited to, the&nbsp;following: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Management expects that fluctuations in demand and supply for refined products, margin and price volatility, and market
competition, including potential new market entrants, will continue to impact the business environment.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>There are certain risks associated with the execution of capital projects, including the risk of cost overruns.
Numerous risks and uncertainties can affect construction schedules, including the availability of labour and other impacts of competing projects drawing on the same resources during the same
time&nbsp;period.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT SIZE=2>Environment Canada is expected to finalize regulations reducing sulphur in off-road diesel fuel and light
fuel oil to take effect later in the decade. We believe that if the regulations are finalized as currently proposed, the new facilities for reducing sulphur in on-road diesel fuel should
also allow the company to meet the requirements for reducing sulphur in off-road diesel and light fuel&nbsp;oil. </FONT></DD></DL>

<P style="font-family:;"><FONT SIZE=2>Additional
risks, assumptions and uncertainties are discussed on page&nbsp;48 under Forward-Looking Information. Refer to Risk Factors Affecting Performance on page&nbsp;21. </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>43</B></FONT></P>

<HR NOSHADE>
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 </B></FONT><FONT COLOR="#5C7DA8" SIZE=2><B>OUTLOOK</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>
During 2008, management will focus on the following priorities: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Achieve annual oil sands production of 275,000 to 300,000&nbsp;bpd
at a cash operating cost average of $25 to $27 per barrel. </B></FONT><FONT SIZE=2> Planned production increases with the commissioning of an expansion to Upgrader&nbsp;2
and a strong focus on production reliability are key to managing operating costs.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Maintain production from our natural gas business (including natural
gas liquids and crude oil) at an average 205 to 215&nbsp;mmcf equivalent per day. </B></FONT><FONT SIZE=2> We expect to bring several new wells into production and will
continue to focus on high-volume deep gas prospects in&nbsp;2008.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Advance plans for increased bitumen supply.  </B></FONT><FONT SIZE=2> Meet regulatory requirements to allow ramp up of expansion to Firebag Stages&nbsp;1
and&nbsp;2, commence construction of Stage&nbsp;3
and&nbsp;seek regulatory approval to proceed with Stages&nbsp;4 to&nbsp;6. New third-party bitumen supplies are also expected in&nbsp;2008.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Advance plans for increasing crude oil production.  </B></FONT><FONT SIZE=2> Fully commission expanded units to enable production capacity of 350,000&nbsp;bpd
by year end. With Board of Director's approval given in
January&nbsp;2008, accelerate work on a $20.6&nbsp;billion expansion of bitumen feed and upgrader capacity to generate 550,000&nbsp;bpd capacity in&nbsp;2012.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Fulfill regulatory requirements.  </B></FONT><FONT SIZE=2> Construct and commission emission abatement equipment and reduce diluent discharges to the tailings
ponds to meet specific regulatory requirements.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Continue to focus on safety.  </B></FONT><FONT SIZE=2> Increase focus on identifying and reducing potential process hazards.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Focus on efficiency.  </B></FONT><FONT SIZE=2> Safely complete planned modifications to Upgrader&nbsp;2 aimed at ensuring reliable full capacity production. A
planned maintenance shutdown to
Upgrader&nbsp;1, part of $1.5&nbsp;billion in maintenance capital spending in 2008, is also expected to improve reliability going&nbsp;forward.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Maintain a strong balance sheet.  </B></FONT><FONT SIZE=2> While net debt is expected to rise with capital spending of $7.5&nbsp;billion in 2008, plan to
maintain a strong debt to cash flow ratio and
protect future cash flow with strategic crude oil hedging of up to 30% of planned&nbsp;production.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Continue efforts to reduce environmental impact intensity.  </B></FONT><FONT SIZE=2> Investments planned to reduce sulphur emissions at oil sands facilities
and reduce water use&nbsp;intensity.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Continue to pursue energy efficiencies, greenhouse gas offsets and
new, renewable energy projects. </B></FONT><FONT SIZE=2> In oil sands operations, advance work on more efficient extraction technology. Advance renewable energy portfolio. </FONT></DD></DL>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>44</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

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<P style="font-family:;"><FONT SIZE=2>Suncor's
outlook provides management's targets for 2008 in certain key areas of the company's business. Users of this information are cautioned that the actual events in 2008 may vary from the
priorities disclosed. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=2 VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="48%" VALIGN="BOTTOM" style="font-family:;"><FONT SIZE=1>2008 Full-Year Outlook</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Oil Sands</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Production</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>275,000&nbsp;bpd to 300,000&nbsp;bpd</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Diesel</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>11%</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Sweet</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>36%</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Sour</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>49%</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Bitumen</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>2%</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Third-party processing</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>2%</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Realization on crude sales basket</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>WTI @ Cushing less Cdn$4.25 to Cdn$5.25 per barrel</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Cash operating costs&nbsp;<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>$25.00 to $27.00 per barrel</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1><B>Natural Gas</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Production&nbsp;<SUP>(2)</SUP> (mmcf&nbsp;equivalent&nbsp;per&nbsp;day)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>205 to 215</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Natural gas</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>93%</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="46%" style="font-family:;"><FONT SIZE=1>Liquids</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="48%" style="font-family:;"><FONT SIZE=1>7%</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<DL compact>
<DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Cash
operating cost estimates are based on the following assumptions: i)&nbsp;production volumes and sales mix as described in the table above; and ii)&nbsp;a natural gas price of
$6.70 per gigajoule at AECO. This goal also includes costs incurred for third-party bitumen processing. Cash operating costs per barrel are not prescribed by Canadian generally accepted accounting
principles (GAAP). This non-GAAP financial measure does not have any standardized meaning and therefore is unlikely to be comparable to similar measures presented by other companies.
Suncor includes this non-GAAP financial measure because investors may use this information to analyze operating performance. This information should not be considered in isolation or as a
substitute for measures of performance prepared in accordance with GAAP. See Non-GAAP Financial Measures on page&nbsp;46.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD style="font-family:;"><FONT SIZE=1>Production
target includes natural gas liquids (NGL) and crude oil converted into mmcf equivalent at a ratio of one barrel of NGL/crude oil: six thousand cubic&nbsp;feet of natural
gas. This conversion ratio is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. This mmcf equivalent
may be misleading, particularly if used in&nbsp;isolation. </FONT></DD></DL>
<BR>

<P style="font-family:;"><FONT SIZE=2>Factors that could potentially impact Suncor's 2008 financial performance include: </FONT></P>

<DL compact>
<DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Planned maintenance at oil sands.  </B></FONT><FONT SIZE=2> Upgrader&nbsp;1 is expected to be shut down for approximately 30&nbsp;days in the second quarter for scheduled
maintenance. Although this
shutdown is reflected in operational targets for the year, production estimates could be impacted if unplanned work is identified, or the schedule is impacted by labour or material supply issues.
During the outage, Upgrader&nbsp;2 is expected to continue producing approximately 200,000&nbsp;bpd.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Completion and commissioning of an expansion to Upgrader&nbsp;2
during the second quarter to enable production capacity of 350,000&nbsp;bpd. </B></FONT><FONT SIZE=2> Production rates during the ramp-up period are difficult
to predict and can be impacted by bitumen supply, as well as planned and unplanned maintenance. However, Suncor expects to move towards the 350,000&nbsp;bpd capacity in the fourth&nbsp;quarter.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Regulatory requirements at the company's oil sands base plant and
in-situ operation. </B></FONT><FONT SIZE=2> Suncor plans to incur maintenance and capital expenditures to construct and commission emission abatement equipment.
The timing and scope of this work could impact 2008&nbsp;results.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Bitumen supply. </B></FONT><FONT SIZE=2> If
Suncor encounters unexpected issues in meeting regulatory requirements aimed at controlling emissions at both base plant and the in-situ operation, or if there are unexpected issues
related to third-party supplies, there may be bitumen supply restrictions that could impact 2008 production targets.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Production volumes at the Sarnia refinery.  </B></FONT><FONT SIZE=2> Suncor is lining-out new facilities at the refinery and this work could impact production
in the first few months of&nbsp;2008.
<BR><BR></FONT></DD><DT style='font-family:;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Crude oil hedges. </B></FONT><FONT SIZE=2>
Consistent with the approval received from the Board of Directors, Suncor may fix a price or range of prices for up to approximately 30% of our planned production of crude oil for specified periods of
time. At December&nbsp;31, 2007, Suncor had hedging agreements in place for 10,000&nbsp;bpd in 2008. These costless collar hedges have an average floor of US$59.85 per barrel with an average
ceiling of US$101.06 per barrel in&nbsp;2008. </FONT></DD></DL>
<BR>

<P style="font-family:;"><FONT SIZE=2>For
additional information on risk factors that could cause actual results to differ, please see page&nbsp;21. </FONT></P>

<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>45</B></FONT></P>

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<P style='font-family:;page-break-before:always'></p>
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<P style="font-family:;"><FONT SIZE=2><A
NAME="page_du12501_1_46"> </A> </FONT> <FONT SIZE=6><B>


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 </B></FONT><FONT COLOR="#5C7DA8" SIZE=2><B>NON-GAAP FINANCIAL MEASURES</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>
Certain financial measures referred to in this MD&amp;A are not prescribed by Canadian generally accepted accounting principles (GAAP). These non-GAAP financial measures do not have any
standardized meaning and therefore are unlikely to be comparable to similar measures presented by other companies. We include cash flow from operations (dollars and per share amounts), return on
capital employed (ROCE), and cash and total operating costs per barrel data because investors may use this information to analyze operating performance, leverage and liquidity. The additional
information should not be considered in isolation or as a substitute for measures of performance prepared in accordance with Canadian&nbsp;GAAP. </FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Cash Flow from Operations per Common Share</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2>Cash flow from operations is expressed before changes in non-cash working capital. A reconciliation of net earnings to cash flow from operations is provided in the
Schedules of Segmented Data, which are an integral part of our Consolidated Financial Statements. </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>For the year ended December&nbsp;31</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Cash flow from operations ($&nbsp;millions)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>A</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;805</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;533</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;476</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Weighted average number of common shares outstanding&nbsp;&#150;&nbsp;basic (millions&nbsp;of&nbsp;shares)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>B</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>461</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>459</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>456</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="58%" style="font-family:;"><FONT SIZE=1>Cash flow from operations&nbsp;&#150;&nbsp;basic ($&nbsp;per&nbsp;share)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>A/B</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8.25</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9.87</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.43</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=10 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>ROCE</B></FONT></P>

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<TR VALIGN="BOTTOM">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1>For the year ended December&nbsp;31 ($&nbsp;millions, except ROCE)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1><B>Adjusted net earnings</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1>Net earnings</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;832</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;971</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;158</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1>Add: after-tax financing expenses (income)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(179</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(16</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>D</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;653</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;997</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;142</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1><B>Capital employed&nbsp;&#150;&nbsp;beginning of year</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1>Short-term and long-term debt, less cash and cash equivalents</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>1&nbsp;849</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;868</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;134</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1>Shareholders' equity</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8&nbsp;952</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5&nbsp;996</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4&nbsp;874</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>E</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10&nbsp;801</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;864</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7&nbsp;008</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1><B>Capital employed&nbsp;&#150;&nbsp;end of year</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1>Short-term and long-term debt, less cash and cash equivalents</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;248</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;849</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;868</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1>Shareholders' equity</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>11&nbsp;613</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;952</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5&nbsp;996</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>F</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>14&nbsp;861</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>10&nbsp;801</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8&nbsp;864</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1><B>Average capital employed</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(E+F)/2=G</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>12&nbsp;831</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9&nbsp;832</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7&nbsp;936</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1><B>Average capitalized costs related to major projects in progress</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>H</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3&nbsp;454</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;476</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;175</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="53%" style="font-family:;"><FONT SIZE=1><B>ROCE (%)</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>D/(G-H)</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>28.3</B></FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>40.7</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19.8</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>46</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=38,EFW="2183122",CP="SUNCOR ENERGY INC.",DN="3",CHK=980885,FOLIO='46',FILE='DISK130:[08ZAD1.08ZAD12501]DU12501A.;26',USER='SMAH',CD=';3-MAR-2008;19:19' -->
<A NAME="page_du12501_1_47"> </A>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Oil Sands Operating Costs&nbsp;&#150;&nbsp;Total Operations</B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>(unaudited)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>$&nbsp;millions</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>$/barrel</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$&nbsp;millions</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$/barrel</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$&nbsp;millions</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$/barrel</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Operating, selling and general expenses</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;435</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;198</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;455</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="32%" style="font-family:;"><FONT SIZE=1>Less: natural gas costs, inventory changes and stock-based compensation</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(353</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(361</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(281</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="32%" style="font-family:;"><FONT SIZE=1>Less: non-monetary transactions</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(102</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(126</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Accretion of asset retirement obligations</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>41</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>28</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Taxes other than income taxes</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>55</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>36</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>29</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Cash costs</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;076</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>24.15</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;775</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>18.70</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;227</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19.60</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Natural gas</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>307</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>3.55</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>276</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2.90</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>307</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4.90</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Imported bitumen (net&nbsp;of other reported product purchases)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>8</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.10</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>6</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.10</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.05</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Cash operating costs</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>A</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;391</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>27.80</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;057</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21.70</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;536</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24.55</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Project start-up costs</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>B</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>60</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>0.95</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>38</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.40</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>25</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>0.40</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Total cash operating costs</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>A+B</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;451</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>28.75</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;095</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>22.10</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;561</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24.95</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Depreciation, depletion and amortization</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>462</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>5.40</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>385</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4.05</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>330</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.30</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Total operating costs</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>2&nbsp;913</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>34.15</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>2&nbsp;480</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>26.15</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1&nbsp;891</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>30.25</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 style="font-family:;"><FONT SIZE=1>Production (thousands of barrels per day)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><B>235.6</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>260.0</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>171.3</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=17 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Oil Sands Operating Costs&nbsp;&#150;&nbsp;In-Situ Bitumen Production
Only</B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="34%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1><B>2007</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>2006</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" style="font-family:;"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="34%" style="font-family:;"><FONT SIZE=1>(unaudited)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>$&nbsp;millions</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>$/barrel</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$&nbsp;millions</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$/barrel</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$&nbsp;millions</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>$/barrel</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=16 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="34%" style="font-family:;"><FONT SIZE=1>Operating, selling and general expenses</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>273</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>209</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>155</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="34%" style="font-family:;"><FONT SIZE=1>Less: natural gas costs and inventory changes</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>(134</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1><B>)</B></FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(103</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>(91</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="34%" style="font-family:;"><FONT SIZE=1>Taxes other than income taxes</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>7</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=16 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="34%" style="font-family:;"><FONT SIZE=1>Cash costs</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>146</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>10.85</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>110</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.95</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>64</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>9.15</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="34%" style="font-family:;"><FONT SIZE=1>Natural gas</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>134</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>9.90</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>103</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>8.35</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>91</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>13.05</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=16 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="34%" style="font-family:;"><FONT SIZE=1>Cash operating costs</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>A</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>280</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>20.75</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>213</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>17.30</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>155</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>22.20</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="34%" style="font-family:;"><FONT SIZE=1>In-situ (Firebag) start-up costs</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>B</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>&#151;</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>21</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.70</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>1.00</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=16 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="34%" style="font-family:;"><FONT SIZE=1>Total cash operating costs</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>A+B</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>280</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>20.75</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>234</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>19.00</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>162</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>23.20</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="34%" style="font-family:;"><FONT SIZE=1>Depreciation, depletion and amortization</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>83</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>6.20</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>68</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>5.55</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>34</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>4.90</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=16 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="34%" style="font-family:;"><FONT SIZE=1>Total operating costs</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>363</B></FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1><B>26.95</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>302</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>24.55</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>196</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>28.10</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=16 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="34%" style="font-family:;"><FONT SIZE=1>Production (thousands of barrels per day)</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" style="font-family:;"><FONT SIZE=1><B>36.9</B></FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>33.7</FONT></TD>
<TD WIDTH="2%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" style="font-family:;"><FONT SIZE=1>19.1</FONT></TD>
<TD WIDTH="3%" style="font-family:;"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=16 style="font-family:;"><HR NOSHADE COLOR="#5C7DA8"></TD>
</TR>
</TABLE>
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<P ALIGN="RIGHT" style="font-family:;"><FONT SIZE=1>SUNCOR ENERGY INC. </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL
REPORT </FONT><FONT COLOR="#5C7DA8" SIZE=1><B>47</B></FONT></P>

<HR NOSHADE>
<P style='font-family:;page-break-before:always'></p>
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<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=2><B>Legal Notice&nbsp;&#150;&nbsp;Forward-Looking Information</B></FONT></P>

<P style="font-family:;"><FONT SIZE=2><I>This management's discussion and analysis contains certain forward-looking statements that are based on Suncor's current expectations, estimates,
projections and assumptions that were made by the company in light of its experience and its perception of historical trends.</I></FONT></P>

<P style="font-family:;"><FONT SIZE=2><I>All statements that address expectations or projections about the future, including statements about Suncor's strategy for growth, expected future expenditures, commodity
prices, costs, schedules, production volumes, operating and financial results, and expected impact of future commitments are forward-looking statements. Some of the forward-looking statements may be
identified by words like "expects," "anticipates," "estimates," "plans," "scheduled," "intends," "believes," "projects," "indicates," "could," "focus," "vision," "goal," "proposed," "target,"
"objective," and similar expressions. These statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies
and some that are unique to Suncor. Suncor's actual results may differ materially from those expressed or implied by its forward-looking statements and readers are cautioned not to place undue
reliance on&nbsp;them.</I></FONT></P>

<P style="font-family:;"><FONT SIZE=2><I>The risks, uncertainties and other factors that could influence actual results include, but are not limited to, changes in the general economic, market and business conditions;
fluctuations in supply and demand for Suncor's products; commodity prices, interest rates and currency exchange rates; Suncor's ability to respond to changing markets and to receive timely regulatory
approvals; the successful and timely implementation of capital projects including growth projects (for&nbsp;example, the Voyageur project, including our Firebag in-situ development) and
regulatory projects (for&nbsp;example, the emissions reduction modifications at our Firebag in-situ development); the accuracy of cost estimates, some of which are provided at the
conceptual or other preliminary stage of projects and prior to commencement or conception of the detailed engineering needed to reduce the margin of error and increase the level of accuracy; the
integrity and reliability of Suncor's capital assets; the cumulative impact of other resource development; the cost of compliance with current and future environmental laws; the accuracy of Suncor's
reserve, resource and future production estimates and its success at exploration and development drilling and related activities; the maintenance of satisfactory relationships with unions, employee
associations and joint venture partners; competitive actions of other companies, including increased competition from other oil and gas companies and from companies that provide alternative sources of
energy; labour and material shortages; uncertainties resulting from potential delays or changes in plans with respect to projects or capital expenditures; actions by governmental authorities including
the imposition of taxes or changes to fees and royalties; changes in environmental and other regulations (for&nbsp;example, the Government of Alberta's current review of the unintended consequences
of the proposed Crown royalty regime, and the Government of Canada's current review of greenhouse gas emission regulations); the ability and willingness of parties with whom we have material
relationships to perform their obligations to us; and the occurrence of unexpected events such as fires, blowouts, freeze-ups, equipment failures and other similar events affecting Suncor
or other parties whose operations or assets directly or indirectly affect Suncor. These foregoing important factors are not exhaustive.</I></FONT></P>

<P style="font-family:;"><FONT SIZE=2><I>Many of these risk factors are discussed in further detail throughout this Management's Discussion and Analysis and in the company's Annual Information
Form/Form&nbsp;40-F on file with Canadian securities commissions at
www.sedar.com and the United&nbsp;States Securities and Exchange Commission (SEC) at www.sec.gov. Readers are also referred to the risk factors described in other documents that Suncor files from
time to time with securities regulatory authorities. Copies of these documents are available without charge from the&nbsp;company.</I></FONT></P>

<P style="font-family:;"><FONT COLOR="#5C7DA8" SIZE=1><B>48</B></FONT><FONT SIZE=1> SUNCOR ENERGY INC.</FONT> <FONT COLOR="#5C7DA8" SIZE=1><B>2007</B></FONT><FONT SIZE=1>&nbsp;</FONT><FONT SIZE=1>ANNUAL REPORT</FONT></P>

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<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dk76701_1">EXHIBIT 99-2</A></FONT><BR>
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<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dk76701_2">Management's Discussion and Analysis for the fiscal year ended December 31, 2007, dated February 27, 2008</A></FONT><BR>

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<DESCRIPTION>EXHIBIT 99.3
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<BR></FONT><FONT SIZE=2><B>EXHIBIT 99-3    <BR>    </B></FONT></P>

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<div>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 99.3</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="448" height="65" src="g66672mmi001.jpg"></font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="75%" valign="top" style="padding:0in .7pt 0in .7pt;width:75.76%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in .7pt 0in .7pt;width:24.24%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">PricewaterhouseCoopers LLP</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="75%" valign="top" style="padding:0in .7pt 0in .7pt;width:75.76%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in .7pt 0in .7pt;width:24.24%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Chartered Accountants</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="75%" valign="top" style="padding:0in .7pt 0in .7pt;width:75.76%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in .7pt 0in .7pt;width:24.24%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">111 5th Avenue SW, Suite&nbsp;3100</font></p>
  </td>
 </tr>
 <tr>
  <td width="75%" valign="top" style="padding:0in .7pt 0in .7pt;width:75.76%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in .7pt 0in .7pt;width:24.24%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Calgary, Alberta</font></p>
  </td>
 </tr>
 <tr>
  <td width="75%" valign="top" style="padding:0in .7pt 0in .7pt;width:75.76%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in .7pt 0in .7pt;width:24.24%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Canada T2P 5L3</font></p>
  </td>
 </tr>
 <tr>
  <td width="75%" valign="top" style="padding:0in .7pt 0in .7pt;width:75.76%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in .7pt 0in .7pt;width:24.24%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Telephone +1 (403) 509 7500</font></p>
  </td>
 </tr>
 <tr>
  <td width="75%" valign="top" style="padding:0in .7pt 0in .7pt;width:75.76%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in .7pt 0in .7pt;width:24.24%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Facsimile +1 (403) 781 1825</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">CONSENT OF INDEPENDENT
ACCOUNTANTS</font></u></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We hereby consent to inclusion
in this Annual Report on Form&nbsp;40-F and the incorporation by reference in
the registration statements on Form&nbsp;F-3 (File No.&nbsp;333-7450), Form&nbsp;S-8
(File No.&nbsp;333-87604), Form&nbsp;S-8 (File 333-112234), Form&nbsp;S-8 (File
No.333-118648), Form&nbsp;S-8 (File No.&nbsp;333-124415) and Form&nbsp;F-9
(File No.&nbsp;333-140797) of Suncor Energy Inc., of our report dated February&nbsp;27,
2008 relating to the consolidated financial statements and the effectiveness of
internal control over financial reporting, which appears in the Annual Report
to Shareholders.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="313" height="43" src="g66672mmi002.jpg"></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Chartered
Accountants</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Calgary,
Alberta</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">March&nbsp;4,
2008</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">PricewaterhouseCoopers refers to the Canadian firm of
PricewaterhouseCoopers LLP and the other member firms of PricewaterhouseCoopers
International Limited, each of which is a separate and independent legal
entity.</font></p>

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<BR></FONT><FONT SIZE=2><B>EXHIBIT 99-4    <BR>    </B></FONT></P>

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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit
99.4</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">LETTER OF CONSENT</font></b></h1>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TO:</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.8%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Suncor Energy Inc.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.8%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Securities and Exchange
  Commission</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="92%" valign="top" style="padding:0in .7pt 0in .7pt;width:92.8%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Securities Regulatory
  Authorities of Each of the Provinces of Canada</font></b></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dear Sirs</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Re:&nbsp;&nbsp;&nbsp;<u>Suncor Energy Inc.</u></font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We refer to the
following reports (collectively the &#147;Reports&#148;), prepared by GLJ Petroleum
Consultants Ltd.:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the</font><font size="2" style="font-size:10.0pt;"> Reserves Assessment and Evaluation of
Canadian Oil and Gas Properties of Suncor Energy Inc. Natural Gas effective December&nbsp;31,
2007 and dated February&nbsp;11, 2008;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Assessment and Evaluation of the synthetic crude
oil reserves and resources effective December&nbsp;31, 2007 associated with the
Suncor Energy Inc. oil sands operations located near Fort McMurray, Alberta and
dated February&nbsp;19, 2008;&#160; and</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the</font><font size="2" style="font-size:10.0pt;"> Assessment and Evaluation of the bitumen
reserves and resources effective December&nbsp;31, 2007 associated with the
Suncor Energy Inc. Firebag operation located near Fort McMurray, Alberta and
dated February&nbsp;11, 2008.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We hereby consent
to the use of our name, reference to and excerpts from the said reports by
Suncor Energy Inc. in its Annual Information Form&nbsp;for the 2007 fiscal year
(AIF) and its annual report on Form&nbsp;40-F (Form&nbsp;40-F), and the
registration statements of Suncor Energy Inc. on Form&nbsp;F-3 (File No.&nbsp;333-7450),
Form&nbsp;F-9 (File No.&nbsp;333-140797), Form&nbsp;S-8 (File No.&nbsp;333-87604),
Form&nbsp;S-8 (File No.&nbsp;333-112234), Form&nbsp;S-8 (File No.&nbsp;333-118648)
and Form&nbsp;S-8 (File No.&nbsp;333-124415).</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We have read the
AIF and the Form&nbsp;40-F and have no reason to believe that there are any
misrepresentations in the information contained therein that is derived from
our Reports or that are within our knowledge as a result of the services which
we performed in connection with the preparation of the Reports.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" valign="top" style="padding:0in .7pt 0in .7pt;width:44.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" valign="top" style="padding:0in .7pt 0in .7pt;width:44.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.24%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.88%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="44%" valign="top" style="padding:0in .7pt 0in .7pt;width:44.88%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">GLJ PETROLEUM CONSULTANTS LTD.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" valign="top" style="padding:0in .7pt 0in .7pt;width:44.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" valign="top" style="padding:0in .7pt 0in .7pt;width:44.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;GLJ PETROLEUM
  CONSULTANTS LTD.&#148;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" valign="top" style="padding:0in .7pt 0in .7pt;width:44.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" valign="top" style="padding:0in .7pt 0in .7pt;width:44.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dana B. Laustsen, P.
  Eng.</font></p>
  </td>
 </tr>
 <tr>
  <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in .7pt 0in .7pt;width:7.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="44%" valign="top" style="padding:0in .7pt 0in .7pt;width:44.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive
  Vice-President</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated:&#160; March&nbsp;4, 2008</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Calgary, Alberta</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CANADA</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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<BR></FONT><FONT SIZE=2><B><U>CERTIFICATION</U>  <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I, RICHARD L. GEORGE, certify that: </FONT></P>

<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>I
have reviewed this annual report on Form&nbsp;40-F of the Issuer;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Based
on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period covered by this&nbsp;report;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>3.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Based
on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition,
results of operations and cash flows of the issuer as of, and for, the periods presented in this annual&nbsp;report;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>4.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
issuer's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as&nbsp;defined in Exchange Act
Rules&nbsp;13a-15(e) and&nbsp;15d-15(e)) and internal control over financial reporting (as&nbsp;defined in Exchange Act Rules&nbsp;13a-15(f)
and&nbsp;15d-15(f)) for the issuer and&nbsp;have:
<BR><BR></FONT>
<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Designed
such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating
to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being&nbsp;prepared;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Designed
such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(c)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Evaluated
the effectiveness of the issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of the end of the period covered by this report based on such evaluation;&nbsp;and
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(d)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Disclosed
in this report any change in the issuer's internal control over financial reporting that occurred during the period covered by the annual report that has materially
affected, or is reasonably likely to materially affect, the issuer's internal control over financial reporting;&nbsp;and
<BR><BR></FONT></DD></DL>
</UL>
</DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>5.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
issuer's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the issuer's auditors and the audit
committee of the issuer's board of directors (or&nbsp;persons performing the equivalent functions):
<BR><BR></FONT>
<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>All
significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the
issuer's ability to record, process, summarize and report financial information;&nbsp;and
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Any
fraud, whether or not material, that involves management or other employees who have a significant role in the issuer's internal control over financial reporting. </FONT></DD></DL>
</UL>
</DD></DL>
<BR>

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<TD WIDTH="53%" style="font-family:times;"><FONT SIZE=2>DATE: March&nbsp;4, 2008</FONT></TD>
<TD WIDTH="47%" style="font-family:times;"><FONT SIZE=2>/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>RICHARD L. GEORGE</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Richard L. George<BR>
President and Chief Executive<BR>
Officer<BR></FONT>
</TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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<P><br><A NAME="08ZAS76701_6">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_ds76701_1">EXHIBIT 99-5</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_ds76701_2">CERTIFICATION</A></FONT><BR>
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<TYPE>EX-99.6
<SEQUENCE>7
<FILENAME>a2183122zex-99_6.htm
<DESCRIPTION>EXHIBIT 99.6
<TEXT>
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NAME="du76701_exhibit_99-6"> </A>
<A NAME="toc_du76701_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT 99-6    <BR>    </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="du76701_certification"> </A>
<A NAME="toc_du76701_2"> </A>
<BR></FONT><FONT SIZE=2><B><U>CERTIFICATION</U>  <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I, J. KENNETH ALLEY, certify that: </FONT></P>

<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>I
have reviewed this annual report on Form&nbsp;40-F of the issuer;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Based
on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of
the circumstances under which such statements were made, not misleading with respect to the period covered by this annual&nbsp;report;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>3.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Based
on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition,
results of operations and cash flows of the issuer as of, and for, the periods presented in this annual&nbsp;report;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>4.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
issuer's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as&nbsp;defined in Exchange Act
Rules&nbsp;13a-15(e) and&nbsp;15d-15(e)) and internal control over financial reporting (as&nbsp;defined in Exchange Act Rules&nbsp;13a-15(f)
and&nbsp;15d-15(f)) for the issuer and&nbsp;have:
<BR><BR></FONT>
<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Designed
such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating
to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being&nbsp;prepared;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Designed
such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(c)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Evaluated
the effectiveness of the issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of the end of the period covered by this report based on such evaluation;&nbsp;and
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(d)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Disclosed
in this report any change in the issuer's internal control over financial reporting that occurred during the period covered by the annual report that has materially
affected, or is reasonably likely to materially affect, the issuer's internal control over financial reporting;&nbsp;and
<BR><BR></FONT></DD></DL>
</UL>
</DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>5.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
issuer's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the issuer's auditors and the audit
committee of the issuer's board of directors (or&nbsp;persons performing the equivalent functions):
<BR><BR></FONT>
<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>All
significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the
issuer's ability to record, process, summarize and report financial information;&nbsp;and
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Any
fraud, whether or not material, that involves management or other employees who have a significant role in the issuer's internal control over financial reporting. </FONT></DD></DL>
</UL>
</DD></DL>
<BR>

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<TD WIDTH="53%" style="font-family:times;"><FONT SIZE=2>DATE: March&nbsp;4, 2008</FONT></TD>
<TD WIDTH="47%" style="font-family:times;"><FONT SIZE=2>/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>J. KENNETH ALLEY"</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> J. Kenneth Alley<BR>
Senior Vice President and<BR>
Chief Financial Officer<BR></FONT>
</TD>
</TR>
</TABLE>
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<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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<P><br><A NAME="08ZAS76701_7">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_du76701_1">EXHIBIT 99-6</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_du76701_2">CERTIFICATION</A></FONT><BR>
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<TYPE>EX-99.7
<SEQUENCE>8
<FILENAME>a2183122zex-99_7.htm
<DESCRIPTION>EXHIBIT 99.7
<TEXT>
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<A NAME="toc_dw76701_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT 99-7    <BR>    </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dw76701_certification_pursuant_to_18_u__cer03806"> </A>
<A NAME="toc_dw76701_2"> </A>
<BR></FONT><FONT SIZE=2><B>CERTIFICATION PURSUANT TO 18&nbsp;U.S.C. SECTION&nbsp;1350,<BR>  AS ENACTED PURSUANT TO<BR>  SECTION&nbsp;906 OF THE SARBANES-OXLEY ACT OF&nbsp;2002    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the annual report of Suncor Energy&nbsp;Inc. (the&nbsp;"Company") on Form&nbsp;40-F for&nbsp;the fiscal year ending
December&nbsp;31, 2007 as filed with the Securities and Exchange Commission on the date hereof (the&nbsp;"Report"), I, RICHARD L. GEORGE, President and Chief Executive Officer of the Company,
certify, pursuant to 18&nbsp;U.S.C. section&nbsp;1350, as adopted pursuant to section&nbsp;906 of the Sarbanes-Oxley Act of 2002,&nbsp;that: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
Report fully complies with the requirements of section&nbsp;13(a) or&nbsp;15(d) of the Securities Exchange Act of 1934;&nbsp;and
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the&nbsp;Company. </FONT></DD></DL>
</UL>
<BR>

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<TD WIDTH="53%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%" style="font-family:times;"><FONT SIZE=2>/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>RICHARD L. GEORGE</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Richard L. George<BR>
President and Chief Executive Officer<BR>
Suncor Energy&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="53%" style="font-family:times;"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%" style="font-family:times;"><FONT SIZE=2><BR>
DATE: March&nbsp;4, 2008<BR></FONT>
</TD>
</TR>
</TABLE>
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<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dw76701_1">EXHIBIT 99-7</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dw76701_2">CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ENACTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</A></FONT><BR>

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<TYPE>EX-99.8
<SEQUENCE>9
<FILENAME>a2183122zex-99_8.htm
<DESCRIPTION>EXHIBIT 99.8
<TEXT>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dy76701_exhibit_99-8"> </A>
<A NAME="toc_dy76701_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT 99-8    <BR>    </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dy76701_certification_pursuant_to_18_u__cer03806"> </A>
<A NAME="toc_dy76701_2"> </A>
<BR></FONT><FONT SIZE=2><B>CERTIFICATION PURSUANT TO 18&nbsp;U.S.C. SECTION&nbsp;1350,<BR>  AS ENACTED PURSUANT TO<BR>  SECTION&nbsp;906 OF THE SARBANES-OXLEY ACT OF&nbsp;2002    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the annual report of Suncor Energy&nbsp;Inc. (the&nbsp;"Company") on Form&nbsp;40-F for&nbsp;the fiscal year ending
December&nbsp;31, 2007 as filed with the Securities and Exchange Commission on the date hereof (the&nbsp;"Report"), I, J. KENNETH ALLEY, Senior Vice President and Chief Financial Officer of the
Company, certify, pursuant to 18&nbsp;U.S.C. section&nbsp;1350, as adopted pursuant to section&nbsp;906 of the Sarbanes-Oxley Act of 2002,&nbsp;that: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
Report fully complies with the requirements of section&nbsp;13(a) or&nbsp;15(d) of the Securities Exchange Act of 1934;&nbsp;and
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the&nbsp;Company. </FONT></DD></DL>
</UL>
<BR>

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<TD WIDTH="53%" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%" style="font-family:times;"><FONT SIZE=2>/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>J. KENNETH ALLEY</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> J. Kenneth Alley<BR>
Senior Vice President and Chief Financial Officer<BR>
Suncor Energy&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="53%" style="font-family:times;"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%" style="font-family:times;"><FONT SIZE=2><BR>
DATE: March&nbsp;4, 2008<BR></FONT>
</TD>
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<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dy76701_1">EXHIBIT 99-8</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_dy76701_2">CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ENACTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</A></FONT><BR>

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<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>g972448.jpg
<DESCRIPTION>G972448.JPG
<TEXT>
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</TEXT>
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-----END PRIVACY-ENHANCED MESSAGE-----
