Company Strategy

IDENTIFY - Low producing light oil assets
ACQUIRE - Purchase or farm-in to low producing assets for a discount
OPTIMIZE – Assets with Admiralty’s Slot & Frac Re-completion Process
MONETIZE -Provide Liquidity
REPEAT

President’s Statement

Admiralty is focused on using its Slot & Frac Re-completion Process to optimize low producing light oil wells in western Canada. The Company has recently signed an agreement to use a slotting tool for a portion of Admiralty’s completion process. Using the Slot & Frac Re-completion Process on low producing wells purchased or farmed-in on, will provide low risk returns in volatile energy markets.

Quinton Hardage
President and CEO