Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Company Snapshot 8 Key Information 8 Company Overview 8 Lightstream Resources Ltd., Valuation and Financial Data 9 Lightstream Resources Ltd., Share Price Performance 9 Share Price Performance, Q1, 2015-Q1, 2016 9 Lightstream Resources Ltd., Key Valuation Metrics 10 Key Valuation Metrics, Q1, 2015-Q1, 2016 10 Lightstream Resources Ltd., Quarterly Results of Oil & Gas Operations Per boe Produced 11 Results of Oil & Gas Operations Per boe Produced, Q1, 2015-Q1, 2016 11 Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2015-Q1, 2016 12 Lightstream Resources Ltd., Quarterly E&P Costs Trends 13 Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13 Lightstream Resources Ltd., Quarterly Production Trends 14 Lightstream Resources Ltd., Total Oil and Gas Production 14 Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 14 Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 15 Lightstream Resources Ltd., Crude Oil Production 16 Total Crude Oil Production Trend, Q1, 2015-Q1, 2016 16 Crude Oil Production, By Country/Region, Q1, 2015-Q1, 2016 17 Lightstream Resources Ltd., Natural Gas Production 18 Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 18 Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 19 Lightstream Resources Ltd., Valuation and Financial Data, 2011-2015 20 Lightstream Resources Ltd., Share Price Performance, 2011-2015 20 Share Price Performance, 2011-2015 20 Key Valuation Metrics, 2011-2015 21 Lightstream Resources Ltd., Production and Reserves Trends 22 Total Oil and Gas, Reserves and Production 22 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26 Crude Oil/Liquids Production and Reserve 27 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27 Crude Oil Production and Reserves By Country/Region, 2011-2015 28 Crude Oil/Liquids Reserve Changes, 2011-2015 30 Natural Gas Production and Reserve 31 Natural Gas Production and Reserve Trend, 2011-2015 31 Natural Gas Production and Reserves, By Country/Region, 2011-2015 32 Natural Gas Reserve Changes, 2011-2015 34 Total Crude Oil and Natural Gas Reserves Life Index 35 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36 Lightstream Resources Ltd., E&P Costs Trends 38 Allocation of the Upstream Capital Expenditure 38 Upstream Capital Expenditure, 2011-2015 38 Acquisition Costs By Country/Region, 2011-2015 39 Exploration and Development Costs, By Country/Region, 2011-2015 41 Oil and Gas Cost Per boe, US$/boe 43 Oil and Gas Cost Per boe, US$/boe, 2011-2015 43 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 45 Lightstream Resources Ltd., Reserve Replacement Ratio 47 Oil and Gas Production Replacement Ratio 47 Oil and Gas Production Replacement Ratio, 2011-2015 47 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 49 Lightstream Resources Ltd., Results of Oil & Gas Operations Trend 53 Oil and Gas Revenue and Expenses 53 Oil and Gas Revenue and Expenses, 2011-2015 53 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 54 Oil and Gas Revenue and Expenses, Per boe 59 Oil and Gas Revenue and Expenses, By boe, 2011-2015 59 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 60 Oil and Gas Performance Metrics 64 Lightstream Resources Ltd., Land Holdings and Well Data 65 Developed and Undeveloped Acreage 65 Gross and Net Developed and Undeveloped Acreage, 2011-2015 65 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 66 Well Statistics 69 Producible Oil and Gas Well, 2011-2015 69 Producible Oil and Gas Well, By Country/Region, 2011-2015 70 Exploration and Development Wells Drilled, 2011-2015 74 Recent Developments 75 Lightstream Resources Ltd. - Recent Developments 75 Sep 26, 2016: Lightstream Receives Initial Order For CCAA Protection And Postponement Of The Annual General Meeting Of Shareholders 75 Aug 04, 2016: Lightstream Announces Second Quarter 2016 Results 75 Jul 13, 2016: Lightstream Announces Results Of Preliminary Interim Order Application 78 May 04, 2016: Lightstream Announces First Quarter 2016 Results 78 May 02, 2016: Lightstream Announces Semi-Annual Borrowing Base Re-Determination Under Credit Facility 80 Mar 03, 2016: Lightstream Announces Fourth Quarter And Year-End 2015 Results 81 Feb 11, 2016: Lightstream Announces 2015 Reserves And First Half 2016 Guidance 83 Dec 21, 2015: Lightstream Announces Resignation From Board Of Directors 85 Nov 16, 2015: Lightstream Announces Borrowing Base Re-Determination Of Credit Faciltiy And Falher Well Results 85 Nov 02, 2015: Lightstream Announces Third Quarter Production Of 30,255 Boepd And Funds Flow From Operations Of $45 Million 86 Appendix 89 Methodology 89 Coverage 89 Secondary Research 89 Primary Research 89 Data Information Sources 90 Company Source 90 SEC/Other Regulatory Filings 90 Other Sources 90 Expert Panel Validation 90 Data Definition 90 Oil and Gas Reserves 90 Units of Measure 91 About GlobalData 91 Disclosure 91 Disclaimer 91

List of Tables Table 1: Lightstream Resources Ltd., Key Facts 8 Table 2: Lightstream Resources Ltd., Share Price Performance, Q1, 2015-Q1, 2016 9 Table 3: Lightstream Resources Ltd., Key Valuation Metrics, Q1, 2015-Q1, 2016 10 Table 4: Lightstream Resources Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11 Table 5: Lightstream Resources Ltd., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2015-Q1, 2016 12 Table 6: Lightstream Resources Ltd., Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13 Table 7: Lightstream Resources Ltd., Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 14 Table 8: Lightstream Resources Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15 Table 9: Lightstream Resources Ltd., Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16 Table 10: Lightstream Resources Ltd., Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17 Table 11: Lightstream Resources Ltd., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18 Table 12: Lightstream Resources Ltd., Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19 Table 13: Lightstream Resources Ltd., Share Price Performance, 2011-2015 20 Table 14: Lightstream Resources Ltd., Key Valuation Metrics, 2011-2015 21 Table 15: Lightstream Resources Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23 Table 16: Lightstream Resources Ltd., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25 Table 17: Lightstream Resources Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26 Table 18: Lightstream Resources Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Table 19: Lightstream Resources Ltd., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29 Table 20: Lightstream Resources Ltd., Crude Oil Reserve Changes, mmbbl, 2011-2015 30 Table 21: Lightstream Resources Ltd., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Table 22: Lightstream Resources Ltd., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33 Table 23: Lightstream Resources Ltd., Natural Gas Reserve Changes, bcf, 2011-2015 34 Table 24: Lightstream Resources Ltd., Oil and Gas Reserves Life Index, Years, 2011-2015 35 Table 25: Lightstream Resources Ltd., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37 Table 26: Lightstream Resources Ltd., Upstream Capital Expenditure, US$ mil, 2011-2015 38 Table 27: Lightstream Resources Ltd., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 40 Table 28: Lightstream Resources Ltd., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 42 Table 29: Lightstream Resources Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 44 Table 30: Lightstream Resources Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 46 Table 31: Lightstream Resources Ltd., Oil and Gas Production Replacement Ratio, %, 2011-2015 48 Table 32: Lightstream Resources Ltd., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 52 Table 33: Lightstream Resources Ltd., Revenue and Expenses, US$ mil, 2011-2015 53 Table 34: Lightstream Resources Ltd., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 58 Table 35: Lightstream Resources Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59 Table 36: Lightstream Resources Ltd., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 63 Table 37: Lightstream Resources Ltd., Oil and Gas Performance Metrics, 2011-2015 64 Table 38: Lightstream Resources Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 65 Table 39: Lightstream Resources Ltd., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 68 Table 40: Lightstream Resources Ltd., Producible Oil and Gas Wells, 2011-2015 69 Table 41: Lightstream Resources Ltd., Producible Oil and Gas Wells, By Country/Region, 2011-2015 73 Table 42: Lightstream Resources Ltd., Exploratory and Developed Wells, 2011-2015 74 List of Figures Figure 1: Lightstream Resources Ltd., Share Price Performance, CAD/Share, Q1, 2015-Q1, 2016 9 Figure 2: Lightstream Resources Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 10 Figure 3: Lightstream Resources Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11 Figure 4: Lightstream Resources Ltd., Upstream Capital Expenditure, US$ mil, Q1, 2015-Q1, 2016 13 Figure 5: Lightstream Resources Ltd., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 14 Figure 6: Lightstream Resources Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15 Figure 7: Lightstream Resources Ltd., Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16 Figure 8: Lightstream Resources Ltd., Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17 Figure 9: Lightstream Resources Ltd., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18 Figure 10: Lightstream Resources Ltd., Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19 Figure 11: Lightstream Resources Ltd., Share Price Performance, CAD/Share, 2011-2015 20 Figure 12: Lightstream Resources Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21 Figure 13: Lightstream Resources Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22 Figure 14: Lightstream Resources Ltd., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24 Figure 15: Lightstream Resources Ltd., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24 Figure 16: Lightstream Resources Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26 Figure 17: Lightstream Resources Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Figure 18: Lightstream Resources Ltd., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28 Figure 19: Lightstream Resources Ltd., Oil Production, By Country/Region, mmbbl, 2011-2015 28 Figure 20: Lightstream Resources Ltd., Crude Oil Reserve Changes, mmbbl, 2015 30 Figure 21: Lightstream Resources Ltd., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Figure 22: Lightstream Resources Ltd., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32 Figure 23: Lightstream Resources Ltd., Gas Production, By Country/Region, bcf, 2011-2015 32 Figure 24: Lightstream Resources Ltd., Natural Gas Reserve Changes, bcf, 2015 34 Figure 25: Lightstream Resources Ltd., Oil and Gas Reserves Life Index, Years, 2011-2015 35 Figure 26: Lightstream Resources Ltd., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 27: Lightstream Resources Ltd., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 28: Lightstream Resources Ltd., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37 Figure 29: Lightstream Resources Ltd., Upstream Capital Expenditure, US$ mil, 2011-2015 38 Figure 30: Lightstream Resources Ltd., Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 31: Lightstream Resources Ltd., Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 32: Lightstream Resources Ltd., Development Costs, By Country/Region, US$ mil, 2011-2015 41 Figure 33: Lightstream Resources Ltd., Exploration Costs, By Country/Region, US$ mil, 2011-2015 41 Figure 34: Lightstream Resources Ltd., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43 Figure 35: Lightstream Resources Ltd., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45 Figure 36: Lightstream Resources Ltd., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45 Figure 37: Lightstream Resources Ltd., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 46 Figure 38: Lightstream Resources Ltd., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 47 Figure 39: Lightstream Resources Ltd., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49 Figure 40: Lightstream Resources Ltd., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49 Figure 41: Lightstream Resources Ltd., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 50 Figure 42: Lightstream Resources Ltd., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 50 Figure 43: Lightstream Resources Ltd., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 51 Figure 44: Lightstream Resources Ltd., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 51 Figure 45: Lightstream Resources Ltd., Revenue and Expenses, US$ mil, 2011-2015 53 Figure 46: Lightstream Resources Ltd., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54 Figure 47: Lightstream Resources Ltd., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54 Figure 48: Lightstream Resources Ltd., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55 Figure 49: Lightstream Resources Ltd., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 55 Figure 50: Lightstream Resources Ltd., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56 Figure 51: Lightstream Resources Ltd., Production Costs, By Country/Region, US$ mil, 2011-2015 56 Figure 52: Lightstream Resources Ltd., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 57 Figure 53: Lightstream Resources Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59 Figure 54: Lightstream Resources Ltd., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 60 Figure 55: Lightstream Resources Ltd., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 60 Figure 56: Lightstream Resources Ltd., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 61 Figure 57: Lightstream Resources Ltd., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 61 Figure 58: Lightstream Resources Ltd., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 62 Figure 59: Lightstream Resources Ltd., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 62 Figure 60: Lightstream Resources Ltd., Oil and Gas Performance Metrics, 2011-2015 64 Figure 61: Lightstream Resources Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 65 Figure 62: Lightstream Resources Ltd., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 66 Figure 63: Lightstream Resources Ltd., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 66 Figure 64: Lightstream Resources Ltd., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 67 Figure 65: Lightstream Resources Ltd., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 67 Figure 66: Lightstream Resources Ltd., Producible Oil and Gas Wells, 2011-2015 69 Figure 67: Lightstream Resources Ltd., Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 70 Figure 68: Lightstream Resources Ltd., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 70 Figure 69: Lightstream Resources Ltd., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 71 Figure 70: Lightstream Resources Ltd., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 71 Figure 71: Lightstream Resources Ltd., Net Productive Gas Wells, By Country/Region, Number, 2011-2015 72 Figure 72: Lightstream Resources Ltd., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 72 Figure 73: Lightstream Resources Ltd., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 73 Figure 74: Lightstream Resources Ltd., Exploratory and Developed Wells, 2011-2015 74