TSX Venture -

1
MOVING IN THE RIGHT DIRECTION
TSX Venture - RGY October 1, 2005
2
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

3
The RIVAL Team

• Colin Ogilvy, President and Chief Executive
  Officer
• 28 years of experience
• John Clark, Vice President, Engineering
• 29 years of experience
• John Wilson, Vice President, Exploration
• 27 years of experience
• George Ziroff, Vice President, Finance
• 28 years of experience
• Directors
• Larry M. Jones
• Doug Martin
• Roy Gillespie
• Harley Winger
• Colin Ogilvy

4
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

5
Corporate Strategy

• High working interest
• Operatorship or control
• Sweet gas or light Oil
• Depth lt 1,800 metres
• Access to infrastructure
• Land availability
• Year-round accessible

Edmonton
Calgary
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Existing Core Areas
Loon
East Central
Bellshill/Killam
Robsart
Production area
Exploration area
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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

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Growth Strategy

• Internally generated production growth
• Full-cycle exploration
• Two-pronged approach to growth
• Grassroots exploration
• Complementary or strategic
• property acquisitions or corporate transactions

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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

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Robsart

• Bearpaw/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

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ROBSART
R24W3
R25
R26
T5
T4
T3
12
Killam
R 14 W4
T42
T41
6-30 Battery
Locations
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Bellshill Lake
R13W4
T42
T41
Locations
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Loon Area

• Large farm-in on Metis lands (Rival 33)
• Crown equivalent
• royalty
• Slave Point/Granite
• Wash (lt1,800 m.)
• 3D survey complete
• Storm Exploration
• experienced operator

Locations
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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

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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

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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

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Production to Date
(2005 monthly average boe/d)
1000
950
875
840
825
775
810
780
760
710
FE.
MR.
MA.
JA.
JN.
AP.
JL.
AU.
SE.
OC.
Oil (bbls)
Gas (mcf)
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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

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Outlook Production
(Yearly average Boe/d)
900
709
625
10
2003
2004E
2005F
2002
Oil (bbls)
Gas (mcf)
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Outlook Revenue
(000)
14,500
10,500
9,000
100
2002
2003
2004E
2005F
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Outlook Cash Flow
(000)
7,500
4,400
2,280
0
2004E
2003
2002
2005F
23
Outlook Cash Flow per Share
()
0.38
0.23
0.20
0.0
2003
2002
2004E
2005F
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2005 Forecast Performance (budgeted)
(Fcst.)

• 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.

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Rival Energy Investment Fundamentals

• Proven management team
• Disciplined operating strategy
• Inventory of drilling prospects
• Strong balance sheet / financial flexibility