Angle Energy Inc.

Ferrier

Located approximately 12 kilometres south of Rocky Mountain House, Alberta, Ferrier is Angle’s second largest producing property and has experienced rapid growth since commencing operations in 2006 through a 3.5-section farm-in. Ferrier is Angle's second-largest producing property and is generating rapid growth through successful drilling of Mannville Group (mainly Ellerslie Formation) natural gas opportunities.

Key Facts:

• Accumulated nearly 20 sections (12,000 net acres) in two major contiguous blocks to end of 2008.
• Main target Ellerslie and Ostracod Formation channel sand systems.
• Prolific results – four Angle wells have generated absolute open flow (AOF) of more than 10 mmcf/d during testing.
• Best well tested at >20 mmcf/d AOF in 2008.
• Control of key infrastructure, including expandable compressor station and pipeline to midstream plant operator.
• More than half of the current land base at Ferrier remains to be drilled.
• Major compressor project completed in the fourth quarter of 2008 and has a raw gas through capacity of 19 mmcf/d.
• Closed asset acquisition in June 2009; 550 boe/d plus prospect rich undeveloped land and key infrastructure.

History:

• Began with 3.5-section farm-in 2006.
• Rapid production growth since commencing operations in Q2 2006.
• Mid-2007, Angle confirmed a large Ellerslie pool extension.
• First wells on production in Q4 2007.
• Second major pool extension drilled in Q1 2008.