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Company Description (as filed with the SEC)
The Company is engaged in the exploration for, and acquisition, development and production of, petroleum and natural gas with operations in Western Canada and North Africa. See "Statement of Reserves Data and Other Oil and Gas Information." The Company also reviews new drilling opportunities and potential acquisitions, both domestic and international, to supplement its exploration and development activities. Three Year History The following is a description of the general development of the business of the Company over the last three financial years. For a description of the business of the Company, see "Description of the Business". 2010 On January 19, 2010, the Company completed a private placement of 114,424,238 Common Shares at a price of $0.52 per Common Share for gross proceeds of approximately $59.5 million. ... More ...