Costa Energy Inc.

Costa Energy Inc. (Toronto Venture: COE) has retained Sayer Energy Advisors to seek strategic alternatives including the possible sale of the company or sale of all assets. Costa operates in Alberta, British Columbia and Saskatchewan. Net proved reserves are 28,000 barrels of oil and 905,000 cubic feet of gas. Net production is about 340,000 cubic feet per day and eight barrels of oil per day. The bid due date is May 15. Contact Alan Tambosso, 403-266-6133.