gas present in the Foothills. The combination of the two provide Manitok with a more stable growth platform which is less sensitive to the wide swings of the natural gas price cycle.

While many companies are actively pursuing unconventional opportunities, Manitok has taken a contrarian approach to avoid the cost pressures associated with such fierce competition by focusing on under developed conventional plays in the Foothills and under-exploited lands in Southeast Alberta. With ample infrastructure now in place in the Foothills and Southeast Alberta, the next natural phase of development is to exploit the formations that have been historically successful on nearby land. Manitok has positioned itself to be an "early mover" in the development of the Foothills and Southeast Alberta in order to maximize its growth in the future.