2009-08-10-2008-07-01-2008-08-01

Acquired 70% WI in Rocanville, Steelman, Alameda areas, gaining 270 BOE/d.

Seaview Energy Inc., Calgary, (Toronto Venture: CVU-A) has acquired assets in southeastern Saskatchewan from Progress Energy Trust, Calgary, (Toronto: PGX) for C$18.6 million in stock and C$5.4 million in cash in a total deal valued at C$24 million. Seaview will issue 8.3 million shares to Progress. The assets include 70% working interest in properties in the Rocanville, Steelman and Alameda areas. Production is 220 barrels of oil and 300,000 cubic feet of gas for a total of approximately 270 barrels of oil equivalent per day. The assets are 92% operated. Seaview is having a report prepared concerning reserves.