LEADERS AND INNOVATORS

Leadership and innovation are hallmarks of Provident. In March 2001, Provident was the first junior exploration and production company to convert to an oil and gas royalty trust. Since then, approximately 30 other companies have followed our lead and have also converted.

To deliver solid returns to unitholders in an increasingly competitive market, Provident has had to be innovative in finding value where other trusts have not. To this end, we've been first in the industry to:

• issue convertible debentures
• offer a premium distribution reinvestment program (DRIP)
• execute a balanced portfolio strategy with midstream infrastructure
• issue $275 million worth of units in a single bought deal financing
• complete the concurrent acquisitions of Olympia Energy and Viracocha Energy
• buy a U.S. company (BreitBurn Energy)
• expand the midstream footprint across North American. With a fully integrated and geographically diverse business, we are now the second largest natural gas liquids (NGL) player in Canada.