Take Notice that the Alberta Energy and Utilities Board (EUB) will hold a public hearing of Application No. 1366746 at the Best Western, 10745 117 Avenue, Grande Prairie, Alberta, commencing on Wednesday, March 16, 2005, 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.

Intrepid Energy Corporation (Intrepid) has submitted an application to the EUB pursuant to Section 2.020 of the Oil and Gas Conservation Regulations for a licence to drill a directional oil well from a surface location in Legal Subdivision (LSD) 4 of Section 34, Township 70, Range 24, West of the 5th Meridian to a bottomhole location in LSD 7-34-70-24W5M. The maximum hydrogen sulphide (H₂S) content would be approximately 108.3 moles per kilomole (10.83 per cent) and the cumulative drilling H₂S release rate would be 0.0981 cubic metres per second (m³/s). During the completion and servicing of the proposed well, the release rate would be 0.0439 m³/s, and the suspended/producing release rate would also be 0.0439 m³/s. The corresponding calculated emergency planning zones would be 0.52 kilometres (km) for the drilling release rate and 0.33 km for the completion/servicing and suspended/producing release rates. The purpose of the well is to obtain oil production from the Leduc formation. The proposed well would be located approximately 20 km west of Valleyview.

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

Intrepid Energy Corporation
1950, 717 7 Avenue SW
Calgary, Alberta T2P 0Z3
Attention: Bernie Goruk
Telephone: (403) 294-1114
Fax: (403) 294-1711

A copy of the application is available for viewing at the EUB's Calgary office,

EUB Information Services
Main Floor, 640 - 5th Avenue SW
Calgary, Alberta T2P 3G4
Telephone: (403) 297-8190

For information about EUB procedures, contact

Applications Branch, Facilities Applications Group
Attention: Evan Knox
Telephone: (403) 297-6848
Fax: (403) 297-4117
E-mail: evan.knox@gov.ab.ca

Any person intending to make a submission with respect to the hearing of Application No. 1366746 shall file on or before 4:00 p.m., Wednesday, March 2, 2005. Send one copy of your submission to the applicant at the name and address above and ten copies to

Evan Knox, Application Coordinator
Applications Branch, Facilities Applications Group
Alberta Energy and Utilities Board
640 - 5th Avenue SW
Calgary, Alberta T2P 3G4

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 Intrepid on this application.

If there are no submissions received, this hearing may be cancelled and the EUB will continue to process the application without further notice or without a hearing.

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.

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

Issued at Calgary, Alberta, on January 7, 2005.

ALBERTA ENERGY AND UTILITIES BOARD

Douglas A. Larder, General Counsel