Ed Chwyl

Baytex Energy Trust principal activities are to explore, develop and produce oil and natural gas in the Western Canadian sedimentary basin. Company operations are primarily conducted in Western Canada with an emerging presence in the United States. It focuses on building an asset base through land acquisitions, seismic data interpretation, exploratory and development drilling and property and corporate acquisitions.

Karel Capital Corporation is a Capital Pool Company. The principal business of the Company is to identify and evaluate opportunities for the acquisition of an interest in assets of businesses and, once identified and evaluated, to negotiate an acquisition or participation subject to receipt of shareholder approval and acceptance for filing by the Exchange. Until the completion of a Qualifying Transaction, the Company will not carry on any business other than the identification and evaluation of assets or business in connection with potential Qualifying Transactions.

Navigo Energy, Inc. specializes in the crude petroleum and natural gas. It offers petroleum products. The company was founded on May 30, 1986 and is headquartered in Calgary, Canada.

Ventus Energy Ltd. provides oil and gas exploration services. It offers seismic surveys, drilling, wireline logging, well construction and completion & project management services. The company is headquartered in Calgary, AB.

Part of Sword Energy, Inc., Oiltec Resources Ltd. is a Canadian company that produces oil and gas. The company is based in Calgary, Canada. The company was founded by Rick Schuster. Oiltec Resources was acquired by Forte Resources, Inc. (Alberta) on June 24, 2004 for $32.51 million.

Part of Obsidian Energy Ltd., Great Northern Exploration Ltd. explores for and produces oil and gas. The company is based in Calgary, Canada. Great Northern Exploration was acquired by APF Energy Trust on June 02, 2004 for $168.63 million.

Part of Advantage Energy Ltd., Best Pacific Resources Ltd. is a Canadian company that explores for, produces, and develops oil and gas properties. The company is based in Calgary, Canada. The company was founded in 1992. Best Pacific Resources was acquired by Advantage Energy Income Fund on November 18, 2002 for $18.11 million.

1745844 Alberta Ltd. explores, produces, transports and markets crude oil and natural gas. The company is headquartered in Calgary, Canada.