Robert G. Jennings

Founded by Robert Jennings in 1993, Jennings Capital, Inc. is an independent full-service booker/dealer located in Toronto, Ontario with an additional office in Calgary, Alberta. The firm provides in-house research services covering a variety of sectors including: (1) oil and gas production and exploration companies (2) oil and gas service companies (3) electric power companies (4) base and precious metal companies (5) forest products (6) consumer and retail (7) industrial technology and (8) special situations. Their research coverage also includes other high-growth areas and companies as determined by the firm. Jennings Capital is a member of the CIPF and the IDAC. Jennings Capital is allied with Western Financial Group Inc. (TSX-WES), a large Western Canadian network based. Western Financial Group provides all forms of industrial, commercial, residential and car insurance, including disability and life insurance, through its wholly-owned subsidiary, Western Life. Western Financial Group also holds 100% ownership in their subsidiary, Bank West.

Part of Calpine Corp., Encal Energy Ltd. explores for and produces oil and natural gas. The company is based in Calgary, Canada. The Canadian company was founded by Michael Columbos. Encal Energy was acquired by Calpine Corp. on April 19, 2001 for $895.45 million.

Summit Resources Pty Ltd. is an exploration company. It engages in the exploration of gold, silver, copper, zinc, lead and other metals. The company was founded on December 18, 2002 and is headquartered in Perth, Australia.

Western Financial Group, Inc. provides insurance, financial, and banking products and services to individuals and businesses. It offers private auto, government auto, home, farm, business, and specialty insurance. The company was founded by Scott A. Tannas in 1996 and is headquartered in High River, Canada.

Part of Kiwetinohk Resources Corp., Tercero Energy, Inc. explores, mines, and produces oil and gas. The company is based in Calgary, Canada. Tercero Energy was acquired by Distinction Energy Corp. on December 09, 2004 for $34.66 million.

World Point Terminals, Inc. provided liquid bulk storage and transshipment of various liquid products and related services. The company was headquartered in Montreal, Canada.

TransGlobe Energy Corp. engages in exploration, development, production, and acquisition of properties. Its activities include the operation of Harmattan; West Gharib, West Bakr, and North West Gharib in Egypt-Eastern Desert; and South Alamein, South Ghazalat, and North West Sitra in Egypt-Western Desert; and oil marketing. The company was founded on August 6, 1968 and is headquartered in Calgary, Canada.