ZIMI LIMITED — Audit Report / Information 2009

Sep 22, 2009

BARRY
L.
WHELAN,
P.Geo.,
F.G.A.C. Suite
615,
700
West
Pender
Street Vancouver,
B.C.
V6C
1G8 Phone:
604‐662‐3004
ex.
102 Email:
blwhelan@telus.net Fax:
604‐662‐6063

WHL
Energy
Ltd., Webster’s
Solicitors, Level
11,
37
Bligh
Street, Sydney,
NSW
2000 Australia

Attention:
Mr.
Peter
Bartter
Mr.
David
Kahn

September
22,
2009

Dear
Sir:

Re:
Kentucky
Shale
Gas
reserves

Further
to
our
conversation,
I
have
reviewed
the
provided
material
on
the
shale
gas reserves
attributed
to
WHL
Energy
Ltd.
and
Gale
Force
Petroleum.
These
include:

1. Trimble
Engineering
Associates
Ltd.,
Contingent
Resource
Calculations

2. Gale
Force
Petroleum
presentations

3. the
Kentucky
Geological
Survey,
Estimated
Proven
Reserves
in
the
Devonian Ohio/New
Albany/Chattanooga
Black
Shale
of
Kentucky

4. the
Kentucky
Geological
Survey
Devonian
Shale
of
Eastern
Kentucky:
Type Decline
Parameters.

Gale
Force
Petroleum
and
WHL
Energy
Ltd.
each
have
a
50%
interest
in
the
project and
the
numbers
provided
in
the
reports
are
for
a
50%
interest.

Comparative
numbers
attributed
to
the
property
by
Gale
Force
as
an
owner
and Trimble
as
a
consulting
firm
are
as
follows
using
an
estimate
of
the
value
of
gas
in the
ground
at
present
day
values.

	Trimble	GaleForce
GasinPlace	617Bcf	726Bcf
RecoveryFactor	12.5%	23%
ContingentResource	76.5Bcf	167Bcf
PresentValue@10%DCF	??	$355million
ValueofGasinground@$0.50/Mcf	$308.5million	$368million

The
numbers
presented
by
Trimble
et
al
are
considered
conservative
and reasonable.

The
numbers
presented
within
the
Gale
Force
presentation
may
also
be considered
reasonable.
In
both
cases
it
must
be
remembered
that
the
resources

quoted
are
Contingent
Resources
that
by
definition
have
not
yet
been
determined
by drilling
and
cannot
be
considered
reserves.

Sincerely
yours,

Barry
L.
Whelan,
P.
Geo.

Cc
Mr.
David
Kahn

WHL
Energy
Ltd., Webster’s
Solicitors, Level
11,
37
Bligh
Street, Sydney,
NSW
2000 Australia

Attention:
Mr.
Peter
Bartter
Mr.
David
Kahn

Dear
Sirs:

The
comments
in
the
above
letter
are
brief
and
limited
to
a
review
of
the
material that
was
made
available
to
me.
I
have
experience
in
the
area
and
have
prepared comprehensive
NI
51‐101
reports
for
several
companies
that
have
been
active
in
the area.

I
am
a
registered
Professional
Geoscientist
in
the
Association
of
Professional Engineers
and
Geoscientists
in
the
Province
of
British
Columbia
and
have
been practicing
as
a
geological
consultant
since
1979.

Sincerely
yours,

Barry
L.
Whelan,
P.
Geo.