Heritage Oil | Reserves Committee

to assist the Board in fulfilling its oversight responsibilities generally with respect to the oil and natural gas reserves evaluation process and public disclosure of reserves data and related information in connection with oil and gas activities;
to review, at least annually, the Company's procedures relating to disclosure of information with respect to the oil and gas activities of the Company, including its procedures for complying with any disclosure requirements and restrictions;
to review annually the qualifications and independence of an independent qualified reserves evaluator(s) to be appointed or reappointed by the Board and in the case of any proposed change in the independent qualified reserves evaluator(s), determine the reasons for the proposed change and whether there have been any disputes between the appointed qualified reserves evaluator(s) and management of the Company; and
to review any public disclosure or regulatory filings with respect to any reserves evaluation and oil and gas activities.