Company Description (as filed with the SEC)
We are engaged in the development, production and acquisition of, and the exploration for, oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan, Ontario and Nova Scotia. Our long term goal is to maximize value creation for the benefit of our Shareholders. Our competitive position is dependent on our ability to execute our business strategy. We believe we have the skills and financial capacity to develop our opportunities. A key factor affecting our finances is commodity prices over which we have no control. As at December 31, 2012, we had 641 permanent employees. Business Strategy Our corporate strategy is to use funds flow from our existing conventional operations to sustain our current dividend and to fund a portfolio of oil assets with low declines and long reserve lives aimed at supporting production growth and long-term stable dividend payout. ... More ...