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About Traverse Energy Ltd.

Traverse Energy Ltd. is a publicly traded company engaged in the exploration, development and production of petroleum and natural gas in Alberta, Canada.

Traverse Energy’s current production consists of oil and associated natural gas and related liquids.

Q3 2015 average production was 951 BOE/day (49% oil and NGLs). The Company is focusing on the exploration and development of light and medium oil in Central and Southern Alberta.

Traverse Energy owns an extensive undeveloped land base in Alberta. At September 30, 2015 the Company owned 185,100 gross (184,400 net) acres with an average working interest of 99%.

Company History

  • 2009 Recapitalization of Firstland Energy Ltd
  • New management appointment
  • Name change to Traverse Energy Ltd.

Management History

The Traverse senior management team has worked together for over 20 years and joined the Company as part of the recapitalization in 2009. Management team history includes:

Raven Energy Ltd.

  • Drill bit growth 0 to 1,500 BOE/day
  • Sold to TriStar in 2006 @ $2.25/share, $85MM transaction

Petromet Resources Limited

  • Drill bit growth 0 to 17,000 BOE/day
  • Sold to Talisman in 2001 @ $13.20/share, $800MM transaction
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