2009-08-11-2008-01-01-2008-01-01

Acquired Pembina properties with 41.25% interest in half section, 5 producing wells. Net production 13 BO/d, 4 Mcfg/d.

An undisclosed buyer has acquired certain properties in the Pembina region of Alberta from Costa Energy Inc., Calgary, (Toronto Venture: COE) for C$445,000. The assets include 41.25% interest in one-half section of land and five producing wells with net production of 13 barrels and 14,000 cubic feet of gas per day. Costa viewed the properties as noncore and will use the proceeds to pay debt. The company's net production without the Pembina properties is 340,000 cubic feet per day.