Date Closed

March 26, 2008

Lead Office

Calgary

Value

310.00 Million CAD

On March 26, 2008, Crescent Point Energy Trust and Shelter Bay Energy Inc. amended and restated the previously announced plan of arrangement with Landex Petroleum Corp., which Shelter Bay subsequently closed. Under the terms of the Plan, Shelter Bay acquired all of the issued and outstanding Landex shares for total consideration of approximately C$310 million, which includes approximately C$16 million of net debt. Shelter Bay, a private Bakken light oil growth company, also closed a C$625 million private placement financing. Following the closing of the Plan, Crescent Point acquired from Shelter Bay the non Bakken assets of Landex, which are producing approximately 1,500 boe/d, for consideration of C$80 million.    BMO Capital Markets acted as financial advisor to Crescent Point with
respect to the Landex acquisition.

McCarthy Tétrault LLP advised Crescent Point with a team led by Mark Eade.