Management and Expertise

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Annapolis principals’ involvement Peter Williams – director
Jody Forsyth – corporate secretary
timeline October 2001 to January 2004
listing status private
commodity focus natural gas
geographic focus southeast Alberta & western Saskatchewan
initial third party issue price $1.00 per share
sale price $3.65 per share
capitalization (at time of sale) $115 million
multiple of return 3.65X
compounded rate of return (annual) 78%