Our Vision

Our primary objective is to increase shareholder value. By the end of 2012, we want to be recognized by our stakeholders as a highly successful, profitable and professional North American Oil & Gas Company with daily production in excess of 5,000 BOE (Barrels of Oil Equivalent) per day.

Our business strategy is focused on the following:

We operate all of our Oil and Gas properties, primarily using our own employees, and will continue to do so in the future. This strategy will ensure the best operational control and long term commitment as well as allowing us to dictate the development and operational philosophy and associated budgets.

Further Exploitation of our Existing Properties. We seek to add proved reserves and increase production through the use of advanced technologies, including detailed reservoir engineering analysis, drilling development wells utilizing sophisticated techniques and selectively re-completing existing wells. We also focus on reducing the operating costs associated with our properties. We believe that the properties we have acquired have significant potential and in certain cases have not been actively developed in the past.

Property Portfolio Management. We continually evaluate our property base to identify opportunities to divest non-core, higher cost or less productive properties with limited development potential. This strategy allows us to focus on a portfolio of core properties with significant potential to increase our proved reserves and production.

Pursuit of Strategic Acquisitions. We continually review opportunities to acquire producing properties with exploitation potential, leasehold acreage and drilling prospects. We seek negotiated transactions to acquire operational control of properties that we believe have significant exploitation and exploration potential. Our strategy includes a significant focus on increasing our holdings in fields and basins in which we already own an interest.

Maintenance of Financial Flexibility. We intend to create and maintain substantial borrowing capacity. We believe our internally generated cash flows, our borrowing capacity and access to the capital markets will provide us with the financial flexibility to pursue additional acquisitions of producing properties and leasehold acreage and to execute our drilling and development program. Another component of our financial management strategy includes the use of commodity derivatives to secure product prices for a substantial portion of our expected production.

Strategic alignment with our industry partners. We have secured, through the alignment with our strategic partnerships, a unique ability to analyze and operate both our existing properties and future potential acquisitions. When our domestic production has reached a critical mass, we plan to re-evaluate the suitability of adding an exploratory and/or International component to our strategy.