Equity Company Exchange / Symbol Headquarters Amount Comments Grey Wolf Exploration Inc. Toronto: GWE San Antonio US$57 million Closed its initial public offering. The offering was led by CIBC World Markets Inc. and included BMO Nesbitt Burns Inc., GMP Securities Ltd. and Canaccord Capital Corp. Arawak Energy Corp. Toronto Venture: ABG Toronto C$58.8 million Privately placed 28 million common shares at C$2.10 each to fund 2005 and 2006 exploration and development and potential acquisitions. Peters & Co. Ltd., Orion Securities Inc., FirstEnergy Capital Corp. and Canaccord Capital Corp. were agents. Dawson Geophysical Co. Nasdaq: DWSN Midland, Texas US$41.1 million Priced a public offering of 1.8 million common shares at US$24.50 each to pay revolving credit debt, complete funding of its January 2005 seismic data-acquisition crew expansion, field an additional data-acquisition crew in this quarter, and other purposes. GulfWest Energy Inc. OTCBB: GULF Houston US$40.5 million Privately placed 81,000 shares of series G convertible preferred stock with OCM GW Holdings LLC to pay liabilities and for general purposes. Marauder Resources East Coast Inc. Toronto Calgary Venture: MES C$26 million Plans to privately place common shares to fund drilling an exploration well offshore Nova Scotia. Dundee Securities Corp. is agent. Prairie Schooner Petroleum Ltd. Toronto: PSL Calgary C$25 million Closing its initial public offering of 1.9 million common shares at C$13 each to reduce bank debt. The IPO was led by GMP Securities Ltd. and included Peters & Co. Ltd., Sprott Securities Inc., FirstEnergy Capital Corp. and Tristone Capital Inc. Valkyries Petroleum Corp. Toronto Venture: VPC Vancouver C$18 million Privately placed 6 million shares at C$3 each to finance the acquisition of a Caspian project and for general purposes. Gulfport Energy Corp. OTCBB: GPOR Oklahoma City US$14 million Sold 4 million common shares at US$3.50 each to Southpoint Capital Fund LP, Southpoint Qualified Fund LP, Southpoint Offshore Operating Fund LP, Harbert Distressed Investment Master Fund Ltd. and Alpha U.S. Sub Fund VI LLC. Big Sky Energy Corp. OTCBB: BSKO Calgary US$13.6 million Closed a private placement. Funds will be used to accelerate development of five licenses. Loon Energy Inc. Toronto Venture: LEY Calgary C$15 million Entered a bought-deal private placement of 15.8 million common shares at C$0.95 each to fund drilling wells and shooting 3-D seismic in Colombia, working capital and expanded capex. The offering was led by Canaccord Capital Corp. and included Orion Securities Inc., Dundee Securities Corp. and Brant Securities Ltd. Blackpool Exploration Ltd. Toronto Venture: BPX Calgary C$12 million Plans to issue units at C$0.50 each and flow-through shares at C$0.55 each to fund the acquisition of a private, Alberta-based company. Woodstone Capital Inc. is agent. CalGas Exploration Ltd. NA Calgary C$11.7 million Completed a private placement to fund growth. Burmis Energy Inc. Toronto: BME Calgary C$10.8 million Privately placed 3 million common shares at C$2.70 each to fund exploration and development and general purposes. FirstEnergy Capital Corp., Acumen Capital Finance Partners Ltd., First Associates Investments Inc. and Clarus Securities Inc. were agents. Canex Energy Inc. Toronto Venture: CXO Calgary C$10.1 million Plans to privately place up to 3.8 million common shares at C$2.70 each to fund continued exploration and development. Tristone Capital and First Associates Investments Inc. are agents. Gulfport Energy Corp. OTCBB: GPOR Oklahoma City US$8.7 million Holders of warrants issued in 2002 exercised their warrants, resulting in the sale of approximately 7.3 million common shares. Canadian Spirit Resources Inc. Toronto Venture: SPI Calgary C$9.5 million Closed the nonbrokered private placement of 1.4 million units at C$6.75 each to fund a portion of a planned pilot project at Farrell, northeastern British Columbia, and general purposes. Nexen Inc. NYSE, Toronto: NXY Calgary US$1 billion Plans to issue US$1.04 billion of 10- and 30-year senior notes to pay a portion of the US$1.5 billion in bridge financing it did for its U.K. North Sea acquisition. Deutsche Bank Securities and Citigroup are agents. Delta Petroleum Corp. Nasdaq: DPTR Denver US$150 million Priced senior unsecured notes due in 2015. Proceeds will reduce credit-facility debt. Range Resources Corp. NYSE: RRC Fort Worth, Texas US$150 million Privately placed senior subordinated notes due 2015 to reduce senior credit-facility debt. Trico Marine Services Inc. Pink Sheets: Houston US$75 million Entered a new financing agreement, comprising a US$55-million term TMARQ loan and a US$20-million revolving credit facility. The agreement replaces the existing debtor-in-possession financing facility following final approval by the U.S. Bankruptcy Court. Endeavour International Corp. Amex: END Houston US$16.3 million Sold convertible senior notes due 2012 to fund exploration, working capital and possible future acquisitions.

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