With a strong balance sheet and a disciplined approach to capital investment, Encana is focused on building value per share through low-cost production growth, continued capital discipline, risk management and industry-leading practices in unconventional resource development.

Encana's key objectives are to continue to strengthen the foundation that has enabled the company to grow production, generate significant free cash flow, further optimize capital investment and continue to pay a stable dividend to shareholders.

Please read the advisory regarding reserves data and other oil and gas information.

1. Based on the estimates of independent qualified reserves evaluators as of December 31, 2009 employing a business case price forecast: Henry Hub natural gas price of $5.50 per MMbtu for 2010 and $6.50 per MMbtu for 2011 and beyond.
2. 1P represents proved reserves, 2P represents proved + probable reserves, 3P represents proved + probable + possible reserves, 1C represents low estimate economic contingent resources, 2C represents best estimate, and 3C represents high estimate.