<p>Closing the transaction is conditional upon clearance under the Canadian Competition Act, which is expected in April 2007.<br /><br />BG will retain significant exploration prospects in Canada and Alaska, as well as its 50% interest in the producing Waterton asset in Southwest Alberta.<br /><br />BG's retained exploration prospects consist of operatorship of two licenses in the Central Mackenzie Valley of the Northwest Territories covering 110,196 hectares; ownership of 80,233 hectares in the Foothills of British Columbia; and, in Alaska, a 33.3% and 40% interest in over 2.5 million acres of exploration potential in the North Slope Foothills and Eastern North Slope, respectively.</p>
