NOTICE OF HEARING

APPLICATION NO.  1436341

ZAPATA ENERGY CORPORATION

PROVOST FIELD

Take Notice that examiners appointed by the Alberta Energy and Utilities Board (EUB) will hold a public hearing of Application No. 1436431 at the Riverview Room of the International Hotel, 220 - 4 Avenue SW, Calgary, Alberta, commencing on Tuesday, July 4, 2006, at the hour of 9:00 a.m. All interveners to this proceeding must be present at the commencement of the hearing to register their appearance.

Nature of the Application

Zapata Energy Corporation has applied pursuant to section 79(4) of the Oil & Gas Conservation Act and section 5.190 of the Oil and Gas Conservation Regulations to amend an existing holding that suspends the drilling spacing units and target area provisions for the production of oil from the Lloydminster Formation in the west half of Section 13 of Township 40, Range 4, West of the 4th Meridian. The applicant further proposes that the holding be subject to the following provisions:

·         A producing well shall be at least 100 meters from each other well producing from the same pool.

·         A producing well shall be at least 50 meters from the boundaries of the holding.

·         A maximum of four wells per pool per legal subdivision shall be produced within the holding.

Additional Information

To obtain additional information or a copy of the application, contact:

Zapata Energy Corporation

Suite 500, 435 - 4 Avenue SW

Calgary, AB  T2P 3A8

Attention: James Deck

Telephone: (403) 294-7890

Fax: (403) 294-7877

A copy of the application is available for viewing on the EUB’s Web site at www.ercb.ca on the Integrated Application Registry (IAR).

For information about EUB procedures, contact:

Applications Branch, Resources Applications Group

Attention: Jan Rempel

Telephone: (403) 297-8344

To File A Submission

The Board has established the following filing deadlines for this hearing:

June 8, 2006                Date for technical submission by Zapata Energy Corporation respecting the application.

June 15, 2006              Final date for submissions by any parties having concerns respecting the application.

June 22, 2006              Final date for any response from the applicant to the submissions filed by concerned parties.

Send two paper copies of the submission to the other interested parties. In addition, send 1 electronic copy of the information on CD in pdf format and 12 paper copies of the submission to:

J. Rempel, Applications Coordinator

Applications Branch, Resources Applications Group

Alberta Energy and Utilities Board

640 - 5 Avenue SW

Calgary, Alberta  T2P 3G4

Notes

Any submission filed shall contain the following:

(a)        a concise statement indicating

(i)         the manner in which the intervener’s rights may be directly and adversely affected by a decision of the Board on the proceeding,

            (ii)        the nature and scope of the intervener’s intended participation,

(iii)       the disposition of the proceeding that the intervener advocates, if any,

(iv)       the facts the intervener proposes to show in evidence,

(v)        the reasons why the intervener believes the Board should decide in the manner that the intervener advocates, and

(vi)       the intervener’s efforts, if any, to resolve issues associated with the proceeding directly with the applicant;

(b)               the name, address in Alberta, telephone number, fax number and, if available,

e-mail address of the intervener;

(c)                if the intervener is represented by a representative, the name, address in Alberta, telephone number, fax number and, if available, e-mail address of the representative;

(d)               if the intervener is an unincorporated organization, the nature of the intervener’s membership.

If you have an interest in this matter, you are required to make a submission with respect to this application even if you have previously filed a submission with the Board or with the applicant.

In accordance with Section 38 of the Alberta Energy and Utilities Board Rules of Practice, witnesses must give evidence under oath or affirmation.

Submissions relating exclusively to compensation for land usage are not dealt with by the EUB but may be referred to the Alberta Surface Rights Board.

Any statements filed regarding this application become part of the public record and are accessible by the public.

Issued at Calgary, Alberta on May 30, 2006.

ALBERTA ENERGY AND UTILITIES BOARD

Douglas A. Larder, Q.C., General Counsel