UPDATE: WORK CONTINUES TO STOP SWEET GAS RELEASE

CALGARY, ALBERTA ? December 27, 2007 ? 5:00 pm ? ConocoPhillips crews continue to work to stop the sweet gas release that occurred on Sunday, December 9, 2007. The release occurred at a ConocoPhillips well site located approximately 30 kilometers northeast of Tumbler Ridge, British Columbia, during routine drilling operations. We immediately took steps to ensure the safety and well-being of the public, our employees, our contractors and the environment.

The release is being controlled through surface equipment to a flare stack. On December 24th, the situation was down graded by the British Columbia Oil and Gas Commission (OGC) from a Level 3 to a Level 2 occurrence. Please refer to the OGC?s Definition of Levels below. On December 26th we began drilling a relief well that will intersect the original well bore and allow us to pump mud into the bore to stop the gas flow. Work on the relief well could take up to three weeks.

The incident is currently contained to the site. We do not believe this incident currently poses a safety or health risk to the local community.

Company representatives will continue to provide regular updates to local communities. Further media updates will also be issued as required.

* Definition of Levels:

Level 1 The incident is controlled and confined to company property. The incident has the potential to escalate.

Level 2 No immediate threat outside company property, but potential exists to extend beyond property boundaries.

Level 3 Ongoing threat to the public; release extends beyond company property; uncontrolled release of hazardous substance; or, significant and ongoing environmental effects.