Plains Petroleum Company and Subsidiaries - Page 21

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               Strevig's quarterly reserve report for the fourth quarter of           
          1986 reports the following median price/BOE paid by buyers in               
          those transactions followed by Strevig during 1986:                         
                                                  Number                              
                                                  of                                  
               Quarter             $/BOE          Transactions                        
               First               $5.41               37                             
               Second              5.00                23                             
               Third               5.33                33                             
               Fourth              6.45                55                             
          Petitioner's acquisition of Tri-Power was among the 55                      
          transactions reported by Strevig for the fourth quarter of 1986.            
               As reserve estimates are updated, Strevig revises its                  
          price/BOE computations and publishes those results.  During                 
          February 1990, Strevig reported the following revised price/BOE             
          figures for those transactions followed by Strevig during 1986:             
                                                  Number                              
                                                  of                                  
               Quarter             $/BOE          Transactions                        
               First               $5.41               37                             
               Second              4.97                23                             
               Third               4.41                33                             
               Fourth              5.18                55                             
               B.  Tri-Power                                                          
               Tri-Power, prior to November 18, 1986, was a wholly owned              
          subsidiary of Tri-Power Petroleum Corp. (TPC), a publicly traded            
          Canadian corporation.  Tri-Power owed, as of November 18, 1986, a           
          total of $10 million ($5 million each) to the Toronto-Dominion              
          Bank New York Branch and the Canadian Imperial Bank of Commerce             

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