TSX Venture - “RGY”October 1, 2005

MOVING IN THE RIGHT DIRECTION

Investment Snapshot• Area of focus: Central Alberta, Peace River

Arch and Southwestern Saskatchewan

• Current production: 1,000 Boe/d

• 2005 estimated cash flow: $7.5 million

• 2005 estimated CFPS: $0.38/share

• Total net debt: $ 5.5 million

• Shares outstanding: 19.8 million

• Recent share price: $1.62 per share

The RIVAL Team Colin Ogilvy, President and Chief Executive Officer

28 years of experienceJohn Clark, Vice President, Engineering

29 years of experienceJohn Wilson, Vice President, Exploration

27 years of experience George Ziroff, Vice President, Finance

28 years of experienceDirectors:

Larry M. Jones Doug MartinRoy GillespieHarley WingerColin Ogilvy

Corporate Philosophy

• Experience & track record of

management team is “cornerstone”

for success

• Strict adherence to corporate strategy

and disciplined focus for all operations

• Maintain financial strength and flexibility

at all times

Corporate Strategy

• High working interest

• Operatorship or control

• Sweet gas or light Oil

• Depth < 1,800 metres

• Access to infrastructure

• Land availability

• Year-round accessible

Edmonton

Calgary

Existing Core Areas

Loon

Robsart

Production area

Exploration area

Bellshill/Killam

East Central

Core Areas Strategy• Primary emphasis on the shallower,

multi-zone areas within Alberta & SW Sask.

• Target areas where Rival has the technical expertise and a track record of success

• Operations within areas with availability to cost-effective facility infrastructure

• Focus on growth through the drill bit while targeting overall low cost structure

Growth Strategy

• Internally generated production growth

• Full-cycle exploration

• Two-pronged approach to growth:•“Grassroots” exploration•Complementary or strategic property acquisitions or corporate

transactions

2005 Corporate Objectives• Increase prospect inventory and landholdings

• Focus on grassroots exploration activity

• Increase operatorship and control over

Company interests to 75% of production

• Operate at least 90% of capital expenditures

• Complete one strategic acquisition

• Average 900 – 1,000 boe/d for 2005

• Target 1,200 boe/d exit rate production

T7

T5

T3

T1

Lim

it of

Mar

ine

Ss.

Lim

it o

f M

ari

ne

Ss.

RobsartBearpaw/Belly River

• Shallow gas (200-600m), sweet

• Rival 50% WI

• 3 well drilling program

• Extensive infrastructure

• 3 company owned plants

• Undeveloped acreage

• 53,000 net acres

• Production (net) 2.0 MMcf/day

ROBSARTR24W3R25R26

T3

T4

T5

Recent Rival wells

Killam

T41

T42

R 14 W4

6-30 Battery

Locations

Bellshill Lake

T41

T42

R13W4

Locations

Loon Area

FARM IN BLOCK

3D OUTLINE

Locations

• Large farm-in on Metis lands (Rival 33%)

• Crown equivalent royalty• Slave Point/Granite Wash (<1,800 m.)• 3D survey complete• Storm Exploration: experienced operator

FARM IN BLOCK

3D OUTLINE

2005 Performance (6 mos.)• Completed and tied-in 9 wells from Q4

successful drilling program

• Drilled 5 of 6 wells successfully

• Production averaged 785 boe/d

• Oil & gas sales were over $6.6 million

• Cash flow was over $3.0 million

• Cash flow per share was $0.16/share• Sold Suffield, Sask. property

for $950,000

Potential for Growth• Solid, low risk development drilling

program to be executed• Attractive long-term commodity price

outlook

• Drilling opportunities available

• Competitive industry - Available capital• Significant asset and corporate

rationalization activity underway

Corporate Activity (Q4)

• 3 wells at Robsart, Sask. (50%)

• 2 wells at Bellshill

(80%)

• 2 wells at Killam (85%)

• 2 wells in East Central (55%)

• 2 seismic programs (100%)

• Property or corporate acquisition

Production to Date:

FE. MR. MA.

710

775840

(2005 monthly average boe/d)

Oil (bbls)Gas (mcf)

JA.

780

JN.

825810760

AP. JL. AU. SE.

875950

OC.

1000

Outlook for Growth• 100 boe/d to be placed on production

• Strong inventory of drilling prospects:

• Robsart: 12 drilling prospects

• Bellshill/Killam 4 drilling prospects

(3D)

• East Central: 5 drill-ready prospects

• Loon: 3 drilling

prospects (3D)

• New exploration areas targeted• $8.5 million capital budget

for 2005

Outlook: Production

20032004

E2005

F

10

625709

(Yearly average Boe/d)

Oil (bbls)Gas (mcf)

2002

900

Outlook: Revenue($000)

20022003

10,500

9,000

14,500

2004E

100

2005F

Outlook: Cash Flow

2004E2003

0

4,400

2,280

2002

($000)

7,500

2005F

Outlook: Cash Flow per Share

2003

0.0

0.230.20

2002

($)

2004E 2005F

0.38

2005 Forecast Performance (budgeted)

• Production (‘05 Avg.): 900 boe/d

• Revenue: $ 14.5 million

• Cash flow $ 7.5 million

• Cash flow per share $ 0.38/sh.

• Net income $ 1.8 million

• Net income per share $ 0.09/sh.

(Fcst.)

Rival Energy Investment

Fundamentals• Proven management team

• Disciplined operating strategy

• Inventory of drilling prospects

• Strong balance sheet / financial

flexibility