Equal Energy is a growth oriented oil and gas exploration and production company with production in several areas, including Alberta, British Columbia, Saskatchewan and Oklahoma. The Company is listed on both the Toronto Stock Exchange and the New York Stock Exchange under the ticker EQU and is based in Calgary, AB. Equal’s US operations are located in Oklahoma City, Oklahoma.

Equal seeks to manage the risk to shareholders by following a number of operating principles which are intended to maximize flexibility and the ability to capitalize on opportunities. These operating principles include:

• diversifying the source of production geographically so that Equal is less dependent on one market for production or one area for future development;
• maintaining a reasonable balance among crude oil production, natural gas liquids production and natural gas production, so that Equal is less vulnerable to short term price fluctuations for any single commodity;
• seeking high working interests, operatorship and ownership of associated infrastructure, so that Equal is better able to control the pace and timing of capital expenditures;
• maintaining a multi-year inventory of lower-risk development projects so that Equal is able to support a strategy of reinvesting in organic growth opportunities.