The Company is currently laying plans for the drilling of a developmental well in the Company's Camrose operating area on acreage acquired in December of 2004 and announced on December 20, 2004. The well represents the third drilling location for the Company since it entered the area in April of 2002, all targeting Glauconite natural gas. Two previous wells (net 1.4 wells) were successfully drilled and have since been brought on production. The Company has 100% of the working interests on the drilling acreage.
The Company is currently recruiting for a new Vice-President and Chief Financial Officer. Alan Withey has resigned the position. Mr. Withey remains a board member and member of the Audit Committee.
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