Angle Energy Inc.

Business Strategies

Since commencing active operations in 2005, Angle has created value by following a well-defined operating strategy that has consistently delivered efficient reserves and production growth.

The Company’s team of geologists, geophysicists, engineers, landmen and other professionals has diverse and complementary experience in the Canadian oil and gas industry. These human resources, together with the principles set out below, will guide the exploration, development and maximization of the Company’s assets and continued growth of Angle.

Growth Through Exploration

Along with Angle’s high quality undeveloped land base, large inventory of exploratory drilling prospects and extensive seismic database in the Company’s core operating areas, growth through exploration will continue by:

• Maintaining Angle’s drilling focus on liquids-rich natural gas;
• Exploiting technical expertise in areas where Angle’s staff has experience and previous success;
• Concentrating operations in areas with year round access;
• Balancing the Company’s portfolio of capital projects between predictable, lower rate growth from development and higher risk, higher reward exploration; and
• Expanding exploration efforts by identifying new prospect areas that have the potential to grow to a base level of production of at least 1,000 boe/d.

Growth Through Operations

Angle has assigned multidisciplinary teams to the management and development of each of the Company’s major assets. These teams will continue to direct their energies toward maximizing Angle’s resource base by:

• Developing strategic land positions with high working interests, preferably at 100%;
• Controlling the pace and cost of operations through operatorship of wells and facilities;
• Delivering the Company’s hydrocarbons to underutilized processing facilities owned by mid-stream operators who are not up-stream competitors; and
• Mitigating project risk by integrating the geosciences, engineering and latest available technological tools.

Growth Through Acquisition

Growth through acquisition is a strategy that delivers rapid and often significant impact on a company’s operating base. Angle continues to evaluate acquisition opportunities that fit into the Company’s model for long-term growth by:

• Identifying drilling and consolidation opportunities in conjunction with quality reserves and production to measure true acquisition potential;
• Targeting additions of net undeveloped exploratory acreage and proved reserves proximal to or within existing core areas;
• Mitigating commodity price risk and potential returns on the commodity when considering the timing of an acquisition; and
• Maintaining financial flexibility in potential deal structures.

These key principles will continue to govern Angle’s operations and acquisitions throughout 2009 and beyond.