High growth junior exploration and production company led by an experienced management team and board of directors.

Production levels of more than 2,500 boe/d (80% natural gas weighted) and 10,000 mboe of proved plus probable reserves (10 year reserve life index), 80% natural gas weighted. Concentrated on the Peace River Arch area of northwest Alberta and Southeast Saskatchewan.

Expanded drilling inventory of over 80 opportunities offering a diversified portfolio of exploration, development and lower risk optimization projects.

Delivering on high-growth business plan

• Completed 5 strategic acquisitions in core focus areas with 25 wells drilled at over 85% success rate

• On track to deliver  10 consecutive quarters of production growth

• CGR of 23% per quarter on a production per share basis since inception

Strong financial position to support continued growth

• Strong hedging position to protect cash-flow during low price cycle

  • 45% of 2009 production hedged at $7.43/mcfe (net of cost puts)

  • 30% of 2010 production hedged at $6.45/mcfe (net of cost puts)

• Solid balance sheet with over $16 million of unutilized credit facilities

• Forecast average 2009 production of more than 2,300 boe/d

• 2009 exit rate target of more than 3,000 boe/d