Legal Commentary and Analysis of the Hydrocarbon Law

Exhibit #13, CLA Final Report. You have asked me to provide the collective insights to date of our oil and gas experts on the issue of the hydrocarbon law. I am happy to do so, with the caveat that I consider this work very much to be in progress, and by no means a final word on the subject. There will be much refining and honing of views as we continue to consider these issues, and as the law itself evolves.